The bank shared its analysis with nearly 300 clients, business leaders, and industry experts at its annual Economist Roadshow in Cairo.
The event featured HSBC’s Global Chief Economist Janet Henry and Chief Economist for Central and Eastern Europe, the Middle East, and Africa (CEEMEA) Simon Williams, who discussed global economic trends, regional prospects, and their implications for Egypt amid a challenging international environment.
Opening the roadshow, Todd Wilcox, deputy chairman and CEO of HSBC Bank Egypt, said the country is entering “a new chapter of stability and opportunity,” noting that Egypt’s reform programme is beginning to translate into tangible economic improvements.
“With clearer policies and a more flexible operating environment, we are seeing renewed investor confidence across sectors and trade corridors,” Wilcox said, adding that the priority now is to convert this confidence into sustained, long-term growth.
On global markets, Henry cautioned that inflationary pressures remain sticky despite easing trends in some economies, arguing that financial markets may be overly optimistic about the pace of monetary easing.
“With sticky inflation and a relatively resilient economy supported by fiscal stimulus, markets still appear to be pricing in too many rate cuts in 2026,” she said.
Focusing on Egypt’s macroeconomic outlook, Williams said recent policy adjustments and rebalancing measures are laying the groundwork for recovery, while warning that momentum must be maintained.
“It’s too soon to relax, but the rebalancing now underway opens the way for a proper recovery next year,” Williams noted. “Over the longer term, structural reform is what really matters. If Egypt gets it right, it could be an 8 percent growth story. Under-delivery, however, would cap growth and leave the economy vulnerable to new shocks.”
HSBC said the Economist Roadshow continues to provide a platform where global insight meets local opportunity, helping clients and partners navigate market volatility, anticipate economic shifts, and identify pathways for sustainable growth.
The event also reaffirmed the bank’s role as a long-term partner to Egypt, supporting the country’s vision for economic stability, reform-driven growth, and innovation.
Egypt aims for a seven percent growth by 2030 under its five-year new economic narrative.
In its latest World Economic Outlook report released in October, the International Monetary Fund (IMF) revised Egypt’s real GDP growth forecast for 2025/2026 to 4.5 percent, up from 4.3 percent in June, with the fiscal year beginning on 1 July 2025.
The World Bank also upgraded its growth projections for Egypt, forecasting real GDP expansion of 4.3 percent in the current FY2025/2026 and 4.8 percent in FY 2026/2027, an increase of 0.7 and 0.2 percent, respectively, from its April outlook.
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