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" GDP"

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Business - Economy
8/24/2023 3:49:04 PM
Global fossil fuel subsidies reached $7 trillion in 2022, or 7.1 percent of the global GDP, according to the International Monetary Fund (IMF).

Business - Economy
8/15/2023 6:27:53 PM
The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds on Tuesday, according to the bank's website.

Business - Economy
8/14/2023 4:27:15 PM
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.

Business - Economy
8/10/2023 4:01:25 PM
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent, Minister of Finance Mohamed Maait stated, according to a Cabinet statement on Thursday.

Business - Economy
8/1/2023 7:53:08 PM
Abdel Fattah El-Gebaly, assistant rapporteur of the Public Debt Committee at the National Dialogue, warned that Egypt's public debt has reached 113 percent of gross domestic product and risks becoming unsustainable.

Business - Economy
7/31/2023 5:53:39 PM
Egypt's government debt-to-GDP ratio is expected to reach 97 percent at the end of June 2023, according to Minister of Finance Mohamed Maait.

Business - Economy
7/31/2023 9:30:00 AM
Egypt’s informal economy still accounts for 40 percent of GDP, despite government efforts to regulate it through formal integration, according to recent data from the Cabinet's Information and Decision Support Center (IDSC).

Business - Economy
7/30/2023 2:44:23 PM
The International Monetary Fund (IMF) is expected to conduct its first and second reviews of the Egyptian economy for the $3 billion four-year loan programme between September and December 2023, according to a recent report by the US-based investment bank, Morgan Stanley.

Business - Economy
7/27/2023 4:23:40 PM
The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment and resilient consumer spending.

Business - Economy
7/25/2023 6:56:27 PM
The International Monetary Fund (IMF) has raised its projections for Egypt’s inflation in 2023 and 2024 to 24.4 percent and 32 percent, respectively, up from 21.6 percent in 2023 and 18 percent in 2024 as projected in April, according to Deputy Director of the Research Department Petya Koeva Brooks.

Business - Economy
7/17/2023 12:55:34 PM
Egypt has achieved a primary budget surplus of EGP 164.3 billion ($5.3 billion) in FY 2022/2023, said the Ministry of Finance.

Business - Economy
6/17/2023 5:18:41 PM
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June, Egypt’s Minister of Finance Mohamed Maait said on Friday.

World - International
6/8/2023 4:59:13 PM
Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday, a day before the new budget is to be presented to the national assembly.

Business - Economy
5/31/2023 2:03:35 PM
Egypt's Minister of Planning and Economic Development, Hala El-Said, announced Tuesday in the Senate that the government aims to collect $83 billion in foreign currencies during FY 2023/24 through four streams, according to an official statement.

Business - Economy
5/25/2023 2:57:12 PM
Egypt's GDP growth is expected to increase to 4.8 percent in FY 2023/24, up from 4.4 percent in the current FY, according to the African Economic Outlook 2023.

Business - Economy
5/16/2023 11:43:23 AM
For the second time since February, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecast for Egypt’s real GDP growth to 4.2 percent, a 0.1 percent decrease from its outlook in February and increased its forecast by 0.2 percent in 2024.

Business - Economy
5/9/2023 3:16:58 PM
Egypt’s government has increased its budget deficit estimate to 6.9 percent of GDP for the fiscal year (FY) 2023/2024, which starts on 1 July, compared to an earlier estimate of 6.3 percent, Minister of Finance Mohamed Maait stated in front of the House of Representatives on Tuesday.

Business - Economy
5/3/2023 10:34:30 AM
Egypt’s total governmental gross debt is expected to rise to 92.9 percent of GDP in 2023, up from 88.5 percent in 2022, before cooling to 87 percent in 2024, the highest among the emerging market and middle income countries, the International Monetary Fund (IMF) said on Wednesday.

Business - 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.

Business - 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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