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Economy
4/30/2023 2:02:15 PM
Fitch Solutions has raised its forecast for Egypt’s inflation in 2023 to 32.3 percent, up from an average of 25.9 percent that it expected a month ago.
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Economy
4/14/2023 1:07:48 AM
Ahram Online spoke to the President of the World Bank Group (WBG) David Malpass during the International Monetary Fund's (IMF) and World Bank Group's (WBG) spring meetings currently held in Washington DC.
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Economy
4/11/2023 3:08:52 PM
The International Monetary Fund (IMF) has revised down Egypt’s expected real GDP growth for the second time since October, according to the World Economic Outlook (WEO) report the fund released on Tuesday.
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Economy
4/6/2023 8:13:33 PM
The World Bank has revised down its forecasts for Egypt’s real GDP growth in FY2022/2023 and FY2023/2024 to four percent in each of these two fiscal years, down from 4.5 percent it projected in December of 2022.
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Economy
3/30/2023 11:31:32 AM
Egypt has adjusted its real GDP growth rate target for FY2023/24 down to 4.1%, from the previously targeted 5.5% in December, announced Finance Minister Mohamed Maait.
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Economy
3/16/2023 4:03:12 PM
The European Central Bank on Thursday increased its projection for eurozone GDP growth this year to 1.0 percent due to falling energy prices and greater "resilience to the challenging international environment".
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Economy
3/14/2023 3:53:34 PM
Egypt's real GDP growth is expected to reach 4.2 percent by the end of the current FY2022/2023 concluding in June, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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Economy
3/12/2023 5:59:58 PM
Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February, according to its updated report on MENA Monthly Outlook.
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Economy
2/16/2023 10:48:02 AM
The European Bank for Reconstruction and Development (EBRD) has downgraded its forecasts for Egypt’s output growth in 2023 to 4.3 percent, down from five percent it projected in May, before bouncing back to five percent in 2024, according to the bank’s update on the Regional Economic Prospects Report the bank issued on Thursday.
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Economy
2/13/2023 2:39:38 PM
Egypt is adopting an economic reform trajectory that contributes to supporting its financial discipline and decreasing debt to GDP ratio and budget deficit, Minister of Finance Mohamed Maait told the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on Monday.
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Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.
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Economy
1/30/2023 9:42:59 PM
Egypt aims to have a gross domestic product (GDP) growth rate of 5 percent and 6 percent in 2024 and 2025 respectively, Prime Minister Mostafa Madbouly said in the opening speech of CI Capital’s Seventh Annual MENA Investor Conference on Monday.
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Economy
12/26/2022 11:22:00 PM
The COVID-19 pandemic continues to create serious challenges for the Egyptian economy, which has been exacerbated by the repercussions of the Russian-Ukrainian conflict that sparked in March.
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Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.
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Economy
11/28/2022 10:07:34 PM
The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.
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Economy
11/14/2022 12:56:15 PM
Fitch Solutions has revised up its projections for Egypt’s real GDP growth in 2022 by 0.3 percent to 6.62 percent from 6.59 percent it projected in October, according to its latest update on its monthly MENA Economic Outlook Report.
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Economy
10/16/2022 1:21:43 PM
For the fourth month in a row, Fitch Solutions has raised its projections for Egypt’s real GDP growth in 2022 by 0.36 percent to 6.59 percent, up from 6.23 percent it projected a month ago, according to its updated report on MENA economic outlook. On the other hand, the report maintained its expectations for the country’s inflation rate at 13.2 percent through end of 2022 for the third consecutive month.
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Economy
10/11/2022 4:44:46 PM
The International Monetary Fund (IMF) has revised its projections for Egypt’s real GDP growth in 2022 to 6.6 percent up from 5.9 percent it had expected in July, but lowered it for 2023 to 4.4 percent down from 4.8 percent, according to its World Economic Outlook report released on Tuesday.
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Economy
9/18/2022 3:32:31 PM
For the third consecutive month, Fitch Solutions has revised its projections for Egypt’s real GDP growth in 2022 up by 0.6 percent to 6.23 percent, up from 6.17 percent it projected a month ago, according to its updated report on MENA economic outlook.
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Economy
8/15/2022 10:54:18 AM
Fitch Solution has upgraded its projection for Egypt’s real GDP growth in 2022 by 0.16 percent to reach 6.17 percent, up from 6.1 percent predicted in July, according to its monthly economic outlook on MENA.
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