Economy Index - PixabayEconomic indicators up in 2018 - Cabinet CAIRO, Dec 13 (MENA) - All economic indicators in 2018 showed a tangible improvement, according to the media center of the cabinet on Thursday. Economic growth rose from 4.2% to 5.3% during the 2017/2018 fiscal year while unemployment rate declined from 12% to 9.9%. Egypt to reach growth rate of 5.5% in 2019: IMF CAIRO - 9 October 2018: The International Monetary Fund (IMF) expected Tuesday Egypt's economy to record a growth rate of 5.3 percent in 2018 and 5.5 percent in 2019, compared to 4.2 percent in 2017. Egypt's annual core inflation hits 7.94% in November: CBE CAIRO - 10 December 2018: The Central Bank of Egypt (CBE) said that Egypt's annual core inflation rate declined to 7.94 percent in November 2018 from 8.86 percent in October 2018, according to a report. CAIRO - 16 December 2018: The Egyptian economy witnessed progress in several indicators during 2017 and 2018 after applying the economic reforms since mid-2016.

Source: Egypt Today December 16, 2018 13:18 UTC