Growth rate

Egyptian economy records highest quarterly growth rate in 20 years - cabinet

Mon, 29 Nov 2021 - 03:59 GMT

This came in an infographic report published by the Information Center under the title of "The Egyptian economy records the highest quarterly growth rate in 20 years".

Egypt targets growth rate of 5.4%, deficit reduction to 6.7% in 21/22

Mon, 18 Oct 2021 - 03:03 GMT

The minister explained that Egypt seeks to sustain the downward path of debt rates to GDP by adopting the implementation of a public debt management strategy based on diversifying sources of financing and issuing “dollar” bonds, “Eurobond” bonds, “green” bonds, and “sustainable development” bonds and sukuk.

IMF raises its forecast for Egyptian economy growth to 3.3% in 2021

Tue, 12 Oct 2021 - 04:17 GMT

The report expected an increase in GDP growth rates in Egypt during 2022 to reach 5.2 percent, and then 5.8 percent in 2026.

Egypt targets 5.4% growth rate in FY 2021/22 - minister

Thu, 12 Aug 2021 - 01:45 GMT

The country seeks to contain the rate of inflation to settle at 6 percent, unemployment at 7.3 percent and poverty at 28.5 percent, she said.

IDSC: Growth rate expected to hit 4.4% in FY 2021/22

Tue, 13 Jul 2021 - 12:42 GMT

The report highlighted a positive projections for the Egyptian economy till the Fiscal Year 2023/2024 after overcoming the impact of the first year of the coronavirus pandemic along with a positive growth due to a rise in exports and revenues of commodities and services.

IMF expects Egypt to achieve growth rate 5.2% in 2021

Wed, 30 Jun 2021 - 03:02 GMT

“For the fiscal year 20/21, we still expect a growth of 2.8 percent, and we see that the recovery has begun with expectations of a stronger revival in the next fiscal year, reaching growth to 5.2 percent."

EBRD expects Egypt's economy to grow 4.2% in 2021

Tue, 29 Jun 2021 - 01:59 GMT

According to EBRD's report, it predicted that growth would decline during the fiscal year 2020/2021 to reach 2.5 percent, with expectations that it would rise during the new fiscal year 2021/2022 to reach 4.5 percent.

Growth rates of Egyptian economy to reach 5% in 2021: Executive Director of IMF

Wed, 09 Jun 2021 - 04:12 GMT

"The Middle East region has lost 5 percent of its growth rates due to the pandemic, amid expectations that it will reach 1 percent and increase to 3 percent within two years, which are positive rates, but not high rates," Mohieldin stated.

Egypt records growth rate of about 2.9% during Q3 of 20/21

Wed, 02 Jun 2021 - 12:40 GMT

El-Said clarified that the average growth rate during the first nine months of the fiscal year hit about 1.9 percent, compared to about 5.4 percent in the nine months of 2019/2020.

Egypt projects GDP of LE 6.4T in 2020/2021

Mon, 24 May 2021 - 11:05 GMT

Minister of Finance clarified that this comes as a result of the expansion of development investments that reflect the success of the state, in achieving a balance between preserving the health of citizens and turning the wheel of the national economy.

Wholesale, retail trade represents 14.5% of Egypt's GDP

Tue, 23 Mar 2021 - 02:10 GMT

Egypt is considered the third best country in terms of growth rates during the last fiscal year despite the Corona pandemic, which affected the global economic slowdown, indicating that the growth rate reached 3.6 percent, and 5.6 percent was targeted.

ICT highest sector in achieving growth rates in Q2: Min.

Thu, 11 Mar 2021 - 02:42 GMT

El-Said added in a statement, Thursday, that the volume of investments that the state has pumped into the telecommunications sector has deepened its weight, with a growth of 3.5 percent.

Egyptian economy grows 2% in Q2 of FY20/21

Wed, 10 Mar 2021 - 03:44 GMT

The average growth rate of the Egyptian economy during the first half of the current fiscal year amounted to about 1.35 percent from July to December last year.

Egypt to record growth rate of 3.5% during 20/21

Mon, 19 Oct 2020 - 05:09 GMT

It also anticipated the Egyptian economy to hit a growth rate of 5.8 percent in 2022/2023, which matches the International Monetary Fund (IMF).

Egypt is only emerging country to achieve positive growth, according to IMF: Maait

Wed, 14 Oct 2020 - 12:02 GMT

Ma’it clarified that this came as a result of the fruitful economic reforms that the government undertook with strong political will, and the support of the Egyptian people.

IMF raises expectation for Egyptian economy growth to 3.5% in 2020

Tue, 13 Oct 2020 - 03:38 GMT

At the same time, it expected that the Egyptian economy would achieve growth rates of 5.6 percent over the medium term by 2025.

IMF expects Egyptian growth rate to hit 6.4% in FY 2021/2022

Wed, 02 Sep 2020 - 11:37 GMT

The IMF issued a report on Tuesday on the files related to Egypt's obtaining of an emergency financial assistance of dlrs 2.77 billion to meet the urgent balance of payments needs stemming from the outbreak of the COVID-19 pandemic.

Egypt’s GDP to jump 6.5% after coronavirus crisis: minister

Sun, 30 Aug 2020 - 10:34 GMT

The debt-to-GDP ratio was estimated at 108 percent on June 30, 2017, Maait said.

Egypt one of few countries with real growth rate in 2020: Min.

Wed, 19 Aug 2020 - 08:26 GMT

The growth rate in Egypt is the highest in most emerging countries, which reflects the success of the Egyptian government in dealing with the repercussions of the coronavirus pandemic in a balanced and sound manner.

IMF expects Egypt's GDP to dip to 2% in 20/21, rebound to 6.5% in 21/22

Tue, 11 Aug 2020 - 11:33 GMT

IMF clarified that this percentage came as the global recovery is now expected to be more gradual and domestic activity is projected to remain weak for longer.