Business - Economy

IMF cuts Egypt real GDP growth by 0.5%, 1% in FY24/25, FY25/26

The International Monetary Fund (IMF) has cut its projections for Egypt’s real GDP growth by 0.5 percent and one percent for the FY2024/2025 and FY2025/2026 to settle at 3.6 percent and 4.1 percent, according to the World Economic Outlook (WEO) report the IMF released on Friday.

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IMF cuts Egypt real GDP growth by 0.5%, 1% in FY24/25, FY25/26