Egypt's Economy Expected To Grow 4 Percent

  • Cairo, Arab Republic of Egypt
  • 24 July 2024
1

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)

Related News

Egypt's GDP Grows by 2.4 Percent

  • Arab Republic of Egypt
  • 22 November 2024

Egypt's Average Hotel Occupancy Exceeds 58%

  • Arab Republic of Egypt
  • 19 November 2024

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW