President Abdel Fattah El-Sisi follows up on the development of economic indicators
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President Abdel Fattah El-Sisi follows up on the development of economic indicators

President Abdel Fattah El-Sisi follows up on the development of economic indicators

9/5/2022

Prime Minister Mostafa Madbouly and Minister of Planning and Economic Development Dr Hala Al-Saeed met with President Abdel Fattah El-Sisi today.

The discussion focused on "following up on the growth of economic indicators," according to the Presidency of the Republic's official spokeswoman.

Dr Hala Al-Saeed reviewed the evolution of economic indicators globally in light of their impact on numerous current international variables, chief among which are the effects of the Russian-Ukrainian crisis and the Corona pandemic that occurred before that. She noted that Egypt had succeeded in achieving a high positive growth rate during the previous fiscal year 2022/2021, and that Given the safe and balanced course of the Egyptian economy that the state followed during the last period, And the cohesion and steadfastness it showed in dealing with those circumstances and challenges cast a negative shadow on global economic growth, which led to a slowdown in economic activity and an increase in inflation rates worldwide, as well as the record rise in food and energy prices.