Egypt lowered its target citing the effects of the Russia-Ukraine conflict on its economy
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Boats float on the river Nile in Cairo, April 30, 2013.
CAIRO- Egypt has lowered its real gross domestic product (GDP) growth target for its upcoming financial year which begins in July to 5.5%, the cabinet said on Tuesday citing the planning minister.
Egypt lowered its target citing the effects of the Russia-Ukraine conflict on its economy, the statement added.
(Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; Editing by Andrew Heavens)
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