Research firm Fitch Solutions expects Egypt's economy to grow by 3.9 percent, an acceleration compared to 2.4 percent growth last fiscal year, as a result of an improved economic environment and higher consumption.
Fitch expects the Egyptian pound to trade between around 50 and 55 pounds against the US dollar in 2025, and that pressure on the currency will remain during the first quarter of 2025 due to the maturity of treasury bills, in addition to the strength of the US dollar and uncertainty about the policies of the Trump administration.
It expects inflation pressures to stabilize this year at an average of 16.8 percent year-on-year compared to an average of 28.3 percent last year, allowing the central bank to ease monetary policies and support growth.
Source (Al-Arabiya.net Website, Edited)
