CAIRO (Reuters) -Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk said on Saturday, boosted by reforms tied to IMF financing and increased manufacturing activity.

The Arab world’s most populous country has come under economic pressure from a currency devaluation in March 2024, high inflation, and the impact of the war in Gaza.

Inflation, which peaked at a record 38% in September 2023, has begun to ease but remains high. Urban consumer price inflation fell to 13.9% in July from 14.9% in June.

Egypt’s fiscal year runs from July to the end of June.

In the budget it had predicted GDP growth of 4.2%.

Over the last year, the government accelerated economic reforms under an $8 billion programme wit

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