Central Bank of Egypt - Annual Report 2003-2004

The Central Bank of Egypt has published its Annual Report for the year 2003-2004. The domestic economy has headed towards improvement during FY 2003/2004, according to the report.

GDP real growth rate at factor cost outpaced the projected rate during the year, reaching 4.4% against 3.1% during the previous FY.

Moreover, productive sectors achieved 50.6% of GDP and services sectors achieved the remainder. It is worth mentioning that the fiscal and monetary policies undertaken during this year have

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