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Business
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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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Business
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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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Business
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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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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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Economy
7/8/2022 10:08:00 PM
The International Monetary Fund (IMF) concluded on Thursday a staff-level mission to Egypt – through a team led by IMF mission chief for Egypt Celine Allard – to discuss a new loan programme with Egypt, the Fund announced on Friday.
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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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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
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
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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Business
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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
9/5/2021 2:55:41 PM
Fitch said that Egypt and UAE are the only countries in the region to maintain progress in their recovery from the pandemic and on their economic reform trajectory
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Business
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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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Business
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Economy
6/29/2021 1:02:05 PM
Fitch Solutions also expected a slower growth in the global economy owing to lower commodity prices, the expected rising rates in the emerging markets, and supply side constraints
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Business
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Economy
6/13/2021 3:49:45 PM
Fitch expected 2019 demand levels to return by 2024, while jet fuel will take longer to recover by 2026
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Business
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Markets & Companies
5/23/2021 4:08:37 PM
Fitch Solutions said that emerging markets are expected to perform better later in 2021
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Business
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Economy
4/19/2021 4:51:05 PM
Despite that, Fitch Solutions said in its report that Egypt is one of the few countries globally to see real GDP growth amid the COVID-19 crisis
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Business
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Economy
3/26/2021 4:00:00 PM
The report also excluded Egypt from the markets that are expected to see positive indices in 2021 in regards to inflation, commodity prices, reforms and the vaccines' roll out
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Business
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Economy
2/3/2021 3:50:21 PM
Fitch stressed that global recovery will be uneven and diverge sharply in emerging and developed economies, especially as the COVID-19 vaccine rollouts will be uneven across the world
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Business
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Economy
1/11/2021 3:26:13 PM
In December, Fitch Solutions downgraded its economic growth outlook for Egypt to 3.2 percent in 2021, down from the 3.3 percent that was projected in November
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