Egypt's economic growth will be slightly slower in the new fiscal year than expected in April following an eight-billion-dollar loan deal signed with the International Monetary Fund in March, a Reuters poll showed. The poll showed GDP growth of 4 percent in the fiscal year that began on July 1, down from an April forecast of 4.35 percent growth. Another in January with a growth of 4.15 percent for the same year. According to the survey, growth is expected to pick up to 4.99 percent in the 2025-2026 fiscal year.
The survey concluded that Egypt's economy grew 2.9 percent in the 2023/2024 fiscal year. This was also down from 3 percent in the April forecast and 3.5 percent in the January forecast.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
