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Thursday, 23 January 2020

Fitch Solutions: Egypt’s real GDP growth to remain strong in the near term, at 5.7% in FY 2019/2020

MENA , Friday 25 Oct 2019
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Fitch Solutions expected that Egypt’s real GDP growth to remain strong in the near term, at 5.7% in the Fiscal Year of 2019/2020 that ends June 30.

In its report, it said that the government investment will likely remain a key driver of activity, although private sector investment is also likely to pick up to some extent as monetary policy eases.

Lower inflation and easing fiscal policy will also help boost consumer demand, the report added.

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