Egypt reports 5 percent GDP growth for first quarter

Egypt's GDP grew 5% in the first quarter, beating expectations of 4.6%. The planning ministry cited higher oil prices and supply chain issues as key factors.

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Egypt reported preliminary GDP growth of 5% for the first quarter, according to a planning ministry statement released Wednesday midday.

The result for the January-to-March period rose from 4.8% during the same window last year.

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