Egypts GDP
The projection, outlined in the CBE’s Monetary Policy Report published on Monday, signals the end of a two-year period marked by economic stagnation.
Similarly, the projection for FY2025/2026 has been revised down to 4.1 percent, compared to the previous estimate of 5.1 percent.
On a calendar-year basis, Egypt's economy is projected to grow by 3.2 percent in 2024, with an optimistic increase to 4.5 percent in 2025.
The investment minister also disclosed that they anticipate a growth rate of 5.5 percent in the coming FY, with projections at 6.5 percent by 2030
Non-tax revenues soared by 190 percent due to diversified state resource streams, notably the Treasury's acquisition of 50 percent of the Ras El-Hekma deal.
BNP Paribas contributed the short-term deaccelerated growth to weakened household purchasing power and a slowdown in some major infrastructure programs
