Fitch Solutions expects Egyptian economy growth to decline to 4.3% ...Egypt

EGYPT INDEPENDENT - Economy

Fitch Solutions, a research company of Fitch Ratings Agency, expects a slowdown in the growth of economic activity in Egypt during the next 12 months, as a result of the repercussions of the Russian-Ukrainian war. It explained that this will be reflected in the decline in economic growth estimates to 4.3 percent in the current fiscal year, compared to 6.2 percent in 2021/22. It warned that the Egyptian pound’s weakness more than expected could stimulate inflation and increase the burden on domestic consumption, which could push growth to slow between 3.3 and 3.8 percent in 2023/2022. In terms of inflation, Fitch Solutions said it will continue to be in the double digits, which will affect do

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Last updated : 22 October 2022 clock 12:16 PM

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Fitch Solutions expects Egyptian economy growth to decline to 4.3% ...Egypt

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