The International Monetary Fund (IMF) lowered its growth expectations for the Egyptian economy during 2024, while maintaining its expectations for the global economy’s growth rates. The World Economic Outlook report issued on Tuesday stated that expectations for the growth of the Egyptian economy in the current fiscal year were reduced to three percent, compared to the 3.6 percent expectations of the report issued in October. The IMF also reduced growth expectations for the year 2025 to 4.7 percent, compared to five percent previously. This is the third time that the IMF has reduced its growth expectations for the Egyptian economy, which is facing enormous pressure in light of a stifling cur
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