DUBAI, May 6 (Reuters) – Egypt’s preliminary GDP grew 5% in January to March compared to 4.8% in the same period a year earlier, according to a statement by the planning ministry on Wednesday.
The growth rate in the first quarter of the year exceeded previous expectations that pegged it at 4.6% due to higher oil prices and disruptions in supply chains because of the Iran war.
(Reporting by Momen Saeed Attallah, Writing by Nayera Abdallah, Editing by Alexandra Hudson)
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