Egyptian Economy to Grow 4% in Fiscal Year: Reuters Poll ...Egypt

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Egyptian Economy to Grow 4% in Fiscal Year: Reuters Poll
Khan El Khalili market.Photo credit: Mohamed Khairat A Reuters poll aligned with government projections for the current fiscal year — ending June — predicting Egypt’s GDP growth to reach four percent. The poll, which surveyed thirteen economists, was conducted between 6 and 26 April and published on Thursday, 27 April. The Egyptian government had already made the same projection in a letter of intent sent to the IMF last January. Egypt had gone to the fund in December to request a 46-month, USD 3 billion (EGP 74 billion at the time, currently 92.5 billion) loan as it grapples with an economic crisis due to structural issues and exacerbated by the war in Ukraine. The median result of the poll

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