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Egypt sees growth slowing to 4.5% in Q3, 1% in Q4 due to coronavirus

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CAIRO — Egypt expects economic growth to slow to 4.5% in the third quarter and to 1% in the last three months of the 2019/2020 fiscal year to June due to the effects of the coronavirus, Planning Minister Hala al-Saeed said on Sunday.

The government had been targeting annual growth of 5.6%, but was now looking at 4.2%, she said. (Reporting by Momen Saied Atallah and Nadine Awadalla; Writing by Ulf Laessing; Editing by Jan Harvey)

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