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Business - Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.

Business - Economy
2/1/2022 4:08:16 PM
Egypt aims to lower the overall debt-to-GDP ratio to below 90 percent by June 2022 and below 85 percent over the coming three years, down from 108 percent recorded in June 2017, Minister of Finance Mohamed Maait announced on Tuesday.

Business - 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.

Business - 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.

Business - Economy
1/19/2022 12:59:47 PM
Egypt’s gross local public debt increased to EGP 4.7 trillion (81 percent of the country’s GDP) by the end of FY2020/21, up from the EGP 4.3 trillion reached by the end of FY2019/20, with the government owing 87.8 percent of this total, according to the latest data published by the Central Bank of Egypt (CBE).

Business - 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

Business - 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.

Al-Ahram Weekly - Economy
12/29/2021 1:43:00 PM
Egypt’s economy has done well during another year of Covid-19, but with rising global inflation and the new Omicron variant of the virus, the challenges are not yet over.

Al-Ahram Weekly - Economy
12/25/2021 1:02:00 PM

Business - Economy
12/15/2021 6:10:58 PM
Global debt hiked by 28 percent in 2020 to reach $226 trillion (256 percent of world GDP) as a result of the coronavirus crisis, the International Monetary Fund (IMF) stated on Wednesday.

Business - 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.

Business - Economy
12/7/2021 3:12:23 PM
The current generation of students risks losing $17 trillion in lifetime earnings –about 14 percent of the global GDP at the present value – as a result of the COVID-19 pandemic and its related school closures, a new report published on Monday by the World Bank, UNESCO, and UNICEF estimated.

Business - 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.

Business - 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.

Business - 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).

Business - Economy
10/31/2021 4:44:54 PM
Qatar’s ambassador in Cairo said that his country considers Egypt a fertile ground for investment in light of the unprecedented progress and the positive improvements the country is going through in all fields; particularly in the investment climate.

Business - 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.

Business - Economy
10/13/2021 1:15:00 PM
The International Monetary Fund (IMF) projected Egypt’s government gross debt to hit 91.4 percent of its GDP in 2021, up from the 89.8 percent recorded in 2020.

Business - 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.

Business - 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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