Egypt expects its GDP growth to reach 4.6 percent to 4.8 percent in the 2017-18 fiscal year, according to Egypt's Finance Minister Amr El-Garhy.

The country's GDP growth stood at 4.1 percent for the 2016-17 fiscal year, an Egyptian presidency statement read yesterday, with Q4 growth amounting to 4.9 percent and budget deficit down to 10.9 percent from 12.5 percent in the previous fiscal year.