growth
Standard Chartered said the expected improvement in FY27 will be supported by easing inflationary pressures, continued structural reforms, and gradual macroeconomic stabilization.
The bank projects growth slowing from 5.1 percent in 2025 to 4.9 percent in 2026 and 2027, as structural challenges continue to weigh on activity.
Inflation is forecast to moderate significantly, declining from 33.3 percent in 2024 to 20.4 percent in 2025 and 11.8 percent in 2026.
This marks the highest quarterly growth rate in three years and helped raise the annual growth rate for FY 2024/2025 to about 4.4 percent.
As a new year begins, expectations for the performance of the Egyptian economy vary, reflecting hopes and ambitions.
For the coming fiscal year, the WB affirmed its previous forecast, predicting a 4.2 percent growth rate for FY2024/2025, while estimating a slight bump for FY2025/2026 to 4.6 percent
The report explained that the target unemployment rate for the year of the plan is between 7.3% - 7.6%, while the target is to achieve an inflation rate of 16%.
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The parliamentary report indicates that the development plan aims to increase the percentage of beneficiaries from the health insurance system, and contain the inflation rate so that it declines to 16 percent in 2023/2024.
The World Bank elaborated that Egypt's forecast reflects the expectation that its competitiveness might be increased due to the recent depreciation of the Egyptian pound.
During the meeting, the minister was briefed on the detailed explanation of the Tarboul Industrial City, which is built on a total area of 109 million square meters.
The minister underscored that the average growth rate in 2021 recorded 7.1 percent.
The president's statement came during the inauguration of New Mansoura City.
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The bank stated that growth in Egypt slowed from 3.6 percent to 3.3 percent in the fiscal year ending June 2021.
The pandemic is expected to be contained by mid-2021 as a result of discovering vaccines and making them available.
The economic and social plan of 2021/2022 by the minister of planning outlines promising figures as part of the medium-term sustainable development (2018/2019-2021/2022).
The success of economic reforms contributed to mitigating the effects of the Corona pandemic: Says Hala El-Said
Real GDP in the MENA region is now expected to grow 4 percent in 2021, up from the fund’s October projection of 3.2 percent.
