A Bundle is already in your cart
You can only have one active bundle against your account at one time.
If you wish to purchase a different bundle please remove the current bundle from your cart.
You have unused credits
You still have credits against a bundle for a different licence. Once all of your credits have been used you can purchase a newly licenced bundle.
If you wish to purchase a different bundle please use your existing credits or contact our support team.
00:54
Egypt real GDP growth recovers to 3.5% in Q1 FY24/25
STORY: Egypt real GDP growth recovers to 3.5% in Q1 FY24/25
SHOOTING TIME: File
DATELINE: Jan. 1, 2025
LENGTH: 00:00:54
LOCATION: Cairo
CATEGORY: ECONOMY
SHOTLIST:
1. various of industries in Egypt
STORYLINE:
The real GDP growth rate recovered to 3.5 percent during the first quarter (Q1) of the fiscal year (FY) 2024/2025, from July 1 to Sept. 30, compared to 2.7 percent during the same period in FY2023/2024.
According to a statement issued on Tuesday, the Ministry of Planning, Economic Development, and International Cooperation attributed this improvement to strong performance in key sectors, particularly non-petroleum manufacturing.
This sector saw positive growth for the second consecutive quarter, recording a 7.1 percent growth rate in Q1 of FY2024/2025 compared to the same period in FY2023/2024.
According to the ministry, economic reform policies since March 2024 to restore macroeconomic stability and strengthen the governance of public investments also contributed to the GDP growth recovery.
Egypt achieved this growth despite a 68.4 percent contraction in Suez Canal activity during Q1 of FY2024/2025. Regional geopolitical tensions have decreased its revenues.
The ministry projected the GDP growth to reach 4 percent in FY2024/2025.
Xinhua News Agency correspondents reporting from Cairo.
(XHTV)
Categories
From the blog
Stories not Stock: 3 Reasons Why You Should Use UGC Instead of Stock Video
Video content is an essential part of a brand’s marketing strategy, and while stock footage has been a reliable go-to in the past, forward-thinking companies are looking to user-generated content for their video needs.
View post
