March 19, 2017 / 1:28 PM / in 8 months

Egypt Q2 2016-17 growth slows to 3.8 pct -state news agency

CAIRO, March 19 (Reuters) - Egyptian Planning Minister Hala al-Saeed said on Sunday the growth rate for the second quarter of the 2016-17 fiscal year had slowed to 3.8 percent from 4 percent during the same period last year, state news agency MENA reported.

Egypt’s budget deficit during the first half of the 2016-17 fiscal year, which ends in June 2017, was 5.4 percent of gross domestic product, down from 6.4 percent in the same period last year, Saeed told a news conference. (Reporting by Ahmed Aboulenein; Editing by Dominic Evans)

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