Arab Finance: Dr. Mustafa Madbouly, Prime Minister, announced his desire to correct a number of indicators that have been published, regarding the recently published statements regarding the Egyptian economic position, and the raised numbers and rates in this regard, especially with regard to At unemployment ratesHe explained in this regard that the unemployment rate during the last quarter of the current fiscal year reached 6.4%, and it is one of the lowest unemployment rates that were recorded in Egypt about 20 years, indicating that the unemployment rate in 2014 reached 13%, and today we are witnessing a decrease of more than half.
In the same context, the Prime Minister explained that the unemployment rate among young people in the age of 15 to 29 years is currently recorded 14.2%, pointing out that this percentage recorded 26.5% from ten years, stressing that these rates and proportions are monitored according to international standards, and that they are reviewed from various international institutions.
The Prime Minister stressed that the position of the Egyptian economy is good, which is reflected in the indicators that are announced continuously, pointing out that with regard to the rate of GDP growth during the second quarter of 2024/2025 it has reached 4.3 %, which is a very good rate.
Dr. Mustafa Madbouly concluded his speech by referring to the low inflation rate to the targeted percentage, noting that the cash reserve and net assets of Egyptian banks are well converged, and that all the indicators of the Egyptian economy are going on the right track, pointing out that he hopes to neutralize the external challenges facing Egypt that will be followed by a huge boom in the Egyptian economy, indicating that there are growth in all sectors in all sectors, Except for the Suez Canal and the extraction of oil and gas, whose indicators decreased during the previous period, pointing out that the government is working according to a plan to re -grow its positive, stressing that the growth rates will reach more than 6% in the case of neutralizing external challenges.
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