Growth Rates
The Information and Decision Support Center (IDSC) at the Egyptian Cabinet published an infographic that includes the most prominent points addressed in the Economist’s Outlook report on Egypt, issued in June 2021.
Egypt needs to provide 700,000 job opportunities to limit the increase of the unemployment rate.
The growth rate has fluctuated notably since the January 25 revolution until economic reforms were implemented in the last 18 months.
The government is still studying the effect of interest rates hikes, Minister of Planning Hala el-Said says.
After the Central Bank of Egypt’s (CBE) decision in May to raise key interest rates from 14.75 percent to 16.75 percent.