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Business
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Economy
7/26/2022 6:10:21 PM
The International Monetary Fund (IMF) has maintained its projections for Egypt’s real GDP growth in 2022 at 5.9 percent, while revising it down to 4.8 percent in 2023, said Petya Koeva Brooks the Deputy Director of the Research Department at the IMF.
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Business
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Economy
7/26/2022 3:17:31 PM
The International Monetary Fund (IMF) downgraded global real GDP growth for the second time since the outbreak of the Russian-Ukrainian War to 3.2 percent, down from the 3.6 percent it projected in April and 6.1 percent it expected in 2021.
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Business
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Economy
7/17/2022 1:47:57 PM
Fitch Solutions upgraded its projections for Egypt’s real GDP growth slightly to 6.1 percent during 2022, up from the six percent projected a month ago, according to the MENA Key Themes 2022: Mid-Year Review MENA Monthly Outlook Report.
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Business
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Economy
6/28/2022 5:00:00 PM
Although Egypt achieved significant real GDP growth thanks to its economic reform programme, the private sector’s potential to push development needs to be unblocked, according to a recent report released by the European Bank for Reconstruction and Development (EBRD).
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Business
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Economy
6/27/2022 6:34:14 PM
Egypt is expected to attain a 6.2 percent in real GDP growth by the end of the current FY2021/22 — which will conclude by the end of June — with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to Minister of Finance Mohamed Maait.
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Business
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Economy
6/19/2022 3:14:32 PM
Fitch Solutions revised down Egypt’s real GDP growth for the upcoming FY2022/2023 — Which starts on 1 July — to 4.9 percent, down from the 5.5 percent it initially projected.
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Business
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Markets & Companies
6/12/2022 5:12:14 PM
Egypt’s government targets attracting foreign direct investments (FDIs) worth $10 billion annually to improve the country’s economic development and create more job opportunities, Minister of Finance Mohamed Maait stated on Sunday.
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Business
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Economy
5/25/2022 9:26:24 PM
The African Development Bank (AfDB) has raised its projections for Egypt’s real GDP growth to 5.7 percent in 2022 – up from 4.7 percent it expected in 2021 – before slowing down to 5.1 percent in 2023, according to the bank’s African Economic Outlook Report released on Wednesday.
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Business
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Economy
5/15/2022 2:28:10 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly Outlook Report.
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Business
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Economy
5/10/2022 12:19:11 PM
The European Bank for Reconstruction and Development (EBRD) raised its projections for Egypt’s GDP growth for the current FY2021/22 to 5.7 percent — which ends in June — up from the 4.9 percent it projected in November before slowing down to 5 percent in FY2022/23 — which begins in July — according to the Regional Economic Prospects Report the bank released on Tuesday.
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Business
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Economy
4/27/2022 2:02:37 PM
The International Monetary Fund (IMF) has downgraded its projection for the real GDP growth in the Middle East and North Africa (MENA) region to five percent, down from 5.8 percent in 2021.
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Business
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Economy
4/19/2022 3:12:15 PM
The International Monetary Fund (IMF) has revised its projections for Egypt's real GDP growth in 2022 by 0.3 percent to reach 5.9 percent, up from 5.6 percent expected in January, before slowing down to 5 percent in 2023, the Fund announced on Tuesday.
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Business
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Economy
4/14/2022 5:47:57 PM
The World Bank (WB) has maintained Egypt’s real GDP growth at 5.5 percent in fiscal year (FY) 2021/2022, downgrading its forecast for FY 2022/2023 to five percent, down from 5.5 percent expected in January.
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Business
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Economy
4/14/2022 3:19:40 PM
The International Monetary Fund (IMF) will revise down the real GDP growth of 143 economies – accounting for 86 percent of global GDP – following the Russian invasion of Ukraine, IMF Managing Director Kristalina Georgieva said on Thursday.
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Business
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Economy
4/4/2022 4:45:33 PM
Fitch Solutions upgraded Egypt’s real GDP growth forecast to 5.5 percent in 2022, up from the 5.3 percent it projected in February, which is the government’s target for the year, according to Fitch Solutions’ MENA Monthly Outlook Report.
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Business
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Economy
3/31/2022 2:37:01 PM
Egypt’s real GDP growth is expected to decline to 3.1 percent in 2022, down from 7.2 percent recorded in 2021, and to jump to six percent in 2023, the European Bank for Reconstruction and development (EBRD) said on Thursday.
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Business
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Economy
3/27/2022 12:25:04 PM
Egypt’s anticipated programme with the International Monetary Fund (IMF) will target preserving the country’s gains from the previous economic reform programme, Minister of Finance Mohamed Maait said on Saturday.
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Business
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Economy
3/22/2022 3:32:01 PM
Egypt lowered its expectation for real GDP growth in upcoming FY2022/2023 – which starts 1 July – to 5.5 percent, down from 5.7 percent expected in January, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.
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Business
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Economy
2/22/2022 9:43:38 PM
Egypt’s real GDP growth jumped to 8.3 percent during the second quarter (Q2) of the current FY2021/2022 (October-December 2021), up from 2 percent reached during the corresponding quarter of FY2020/2021.
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Business
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Economy
2/13/2022 3:00:41 PM
Fitch Solutions revised up Egypt’s real GDP growth forecast to 5.3 percent in both the current FY2021/22 and FY2022/23, up from the 5 percent it expected for Egypt in FY2021/22.
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