Fitch Solutions affirmed its economic forecast for Egypt’s growth in the current fiscal year (FY2024/2025), citing increased investment, a rebound in the manufacturing sector, and the expected resolution of the Gaza conflict by late 2024
Released on Monday, the IMF’s country review report highlights that, while Egypt successfully met several structural benchmarks (SBs) during the July review
El Khatib revealed that they anticipate a growth rate of 5.5% in the coming FY, with projections at 6.5% by 2030
In a report released last week, the IMF had predicted a 2.7% growth in FY2024/2025 and a slightly improved 4.1% in FY2025/2026
Capital Economics’ James Swanston was quoted saying “The overall net impact is that economic growth will be weaker this fiscal year,” highlighting tighter fiscal and monetary policy and a weakened EGP
