IMF Projects Egypt’s GDP Recovery to 4.1% in FY2025/2026 ...Egypt

The International Monetary Fund (IMF) has projected Egypt’s GDP growth to rebound, reaching 4.1 percent in the fiscal year 2025/2026, up from a forecasted 2.7 percent for the current fiscal year (2024/2025), according to its latest World Economic Outlook report. The rebound marks a downward revision from the IMF’s July projection, which had predicted 4.1 percent growth for FY2024/2025, representing a 1.4 percent reduction. On a more positive note, Egypt achieved real GDP growth of 3.8 percent in FY2023/2024, surpassing the IMF’s earlier estimate of 2.7 percent. The IMF’s Executive Board is set to review Egypt’s USD 8 billion (EGP 390.4 billion) loan program in November, and approval of thi

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Last updated : 23 October 2024 clock 07:40 PM

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IMF Projects Egypt’s GDP Recovery to 4.1% in FY2025/2026 ...Egypt

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