CAIRO - Initial calculations show that Egypt's economy grew 4.2% in the financial year which ended June 30, Egypt's cabinet said in a statement citing the finance minister. The overall deficit reached 6.2% in the 2022-2023 financial year, from 6.1% in the year prior, the minister said. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla Editing by Peter Graff)

Source: The North Africa Journal July 19, 2023 14:23 UTC