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Economy
1/25/2022 5:41:58 PM
The International Monetary Fund (IMF) upgraded Egypt’s real GDP growth by 0.4 percent in 2022 to 5.6 percent, compared to the fund’s October 2021 projections, according to Petya Koeva Brooks, the IMF’s deputy director of the research department.
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Economy
1/25/2022 4:08:40 PM
The International Monetary Fund (IMF) has lowered its projections for the global real GDP growth in 2022 to 4.4 percent, down from the 4.9 percent it had projected in October 2021, according to the updated report on the world economic outlook released on Tuesday.
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Economy
1/11/2022 4:36:37 PM
Global GDP growth is projected to slow down significantly in 2022 to 4.1 percent in 2022 and 3.2 percent in 2023, down from 5.5 percent recorded in 2021, the World Bank announced on Tuesday
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Economy
1/5/2022 3:03:43 PM
Egypt targets a 5.7 percent GDP growth in FY 2022/23, which runs from 1 July, to record six percent in FY 2024/25, Minister of Finance Mohamed Maait said on Wednesday.
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Economy
12/8/2021 4:31:05 PM
Fitch Ratings has lowered its global GDP growth projections for 2022 by 0.3 percent since its September global economic outlook to 5.7 percent.
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Economy
11/11/2021 3:50:15 PM
A number of French economists said economic reforms that Egypt has implemented over the past seven years strengthened the investment-friendly environment and boosted the GDP growth.
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Economy
11/10/2021 2:58:56 PM
Egypt’s GDP is expected to post EGP 7.1 trillion in the current FY2021/2022, according to a statement given by Minister of Finance Mohamed Maait while addressing the National Press Authority on Tuesday.
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Economy
11/7/2021 2:10:24 PM
Egypt’s real GDP growth is projected to reach 5.4 percent in 2022 on condition of the global economy’s recovery, which would strengthen tourism and the external demand in the country, according to the Arab Economic Prospects report issued recently by the Arab Monetary Fund (AMF).
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Economy
10/24/2021 5:24:34 PM
Fitch Solutions has maintained its projections for Egypt’s real GDP growth and inflation during 2021 at 3 percent and 5.1 percent respectively.
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Business
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Economy
10/12/2021 3:07:44 PM
The International Monetary Fund (IMF) has revised up Egypt’s real GDP growth projections for 2021 to 3.3 percent while maintaining its expectation for 2022’s GDP growth for the country at 5.2 percent.
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Economy
10/7/2021 7:29:15 PM
The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June before hitting 6 percent in 2022.
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Economy
9/7/2021 4:29:00 PM
On Egypt’s main external weaknesses, the report said that they stem from a low goods and services export base, which recorded 13 percent of GDP in 2020, adding that low exports make Egypt a relatively closed economy
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Economy
8/15/2021 1:50:00 PM
Fitch also predicted that Egypt’s interest rate will average at 9.25 percent and the US dollar will be traded at EGP 16.20
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Economy
8/4/2021 2:09:48 PM
Pressures on the Egyptian banks’ credit profiles and viability ratings have eased after improvements to the operating environment were made by the end of the third quarter of 2020
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Business
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Economy
7/27/2021 3:16:43 PM
During July, the IMF expected Egypt's real GDP growth to increase by 5.2% in FY2021/2022 – up from 2.8% in FY2020/21 – before rebounding slightly in FY2022/23 to reach 5.6%, which is the same percentage recorded in FY2019/20
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Economy
6/28/2021 8:17:13 PM
Allard stressed that Egypt needs to continue setting a balance between maintaining its recovery efforts and preserving its financial stability.
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Business
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Economy
6/13/2021 1:33:39 PM
Egyptian banks have higher profitability ratios than other peers in region, which gives them a room to keep adequate profitability margins and internal capital generation if interest rates are cut, according to Fitch
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Business
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Economy
6/8/2021 4:27:28 PM
Citing Egypt, the report noted that the country’s forecasts in FY2020/21 reflect damage to tourism, manufacturing, and oil and gas extraction from the pandemic, before strengthening again in FY 2021/22.
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Business
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Economy
6/2/2021 4:59:23 PM
Egypt’s FY2021/22 is expected to be rolled out as of 1 July with a total budget value of EGP 2.6 trillion, the biggest in Egypt’s history, increasing from a value of EGP 2.2 trillion for the current FY2020/2021 budget
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Business
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Economy
5/31/2021 5:00:39 PM
For 2022, the OECD projected global GDP growth to slow down to 4.4 percent, while expecting global income to remain some $3 trillion less by the end of 2022 than was expected before the crisis hit
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