IMF lowers growth forecast for Egyptian economy to 3.6% ...Egypt

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IMF lowers growth forecast for Egyptian economy to 3.6%
The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6 percent, compared to its previous estimates of 4.1 percent. The IMF announced on Tuesday morning at the Moroccan capital, Marrakesh that the 2024 World Economic Outlook Report indicates an overall slowdown in global economic growth from 3.5 percent in 2022 to three percent in 2023 and 2.9 percent in 2024. The report said that global growth expectations are still below the historical average of 3.8 percent in recorded the period in 2000-2019. The IMF’s expectations for 2024 decreased by 0.1 percentage point from the July 2023 World Economic Outlook report. The I

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