Browsing: economic growth

RIYADH: Egypt’s economy is showing signs of recovery, as the government’s recent efforts to restore macroeconomic stability have started to yield positive results, the International Monetary Fund said. 

Economists polled by Reuters had forecast an expansion of 0.6 percent, building on a rapid 0.7 percent recovery in the first quarter of the year from a shallow recession in the second half of 2023.

China’s top leadership is set to meet on Monday to thrash out plans to boost growth, but the country’s economy remains weakened by sluggish consumption, a property sector in crisis and deflation fears.