Growth rate

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.

Egypt's growth to slow sharply in 2020 to 0.5% due to COVID-19: EBRD

Thu, 14 May 2020 - 01:06 GMT

EBRD forecasted in a report Wednesday that Egypt’s growth will rebound to 5.2 percent in 2021.

Egypt's revenues, growth rate to be affected by COVID-19 pandemic

Tue, 05 May 2020 - 03:24 GMT

Egypt’s budget for fiscal year 2020/2021 will be affected by COVID-19 pandemic especially with regard to revenues and growth rates, as well as an increase in the item of expenses.

Egypt to record 4% of growth rate in 2019/20

Thu, 30 Apr 2020 - 02:37 GMT

This came during the minister’s meeting with Minister of International Cooperation Rania Al-Mashat and President of the Islamic Development Bank Bandar Hajjar, via video conference.

Egypt to be only country with positive economic growth in MENA at 2% in 2020:IMF

Wed, 15 Apr 2020 - 12:49 GMT

During 2021, Egypt would record real gross domestic product (GDP) of 2.8 percent, according to the report.

Egypt has prepared post-coronavirus economic recovery plans: min.

Mon, 13 Apr 2020 - 03:18 GMT

Meanwhile, Ahmed Kamali, the minister's adviser, said the growth rate was targeted to be 6 percent before the crisis, but now it is expected to drop to 4.2 percent.

Things to know about Egypt's sustainable development plan for 20/21

Thu, 26 Mar 2020 - 04:51 GMT

Egypt Today reviews the most important pieces of information included in the plan.

Egypt's growth rate to dip to 5.1% because of coronavirus

Thu, 26 Mar 2020 - 04:41 GMT

The growth rate slowed down during the third and fourth quarter to 5.2 percent and 4 percent, respectively.

Egypt’s GDP jumps to LE 5.3T in 2018/19: Min.

Tue, 25 Feb 2020 - 11:40 GMT

Investment spending contributed by 40 percent to the GDP growth, adding that net change in exports represents 30 percent of GDP and 20 percent came from consumer expenditures.

Egypt maintains stable growth rate of 5.6% in H1 of 2019/20: Min.

Wed, 19 Feb 2020 - 03:15 GMT

Egypt's high rate of economic growth during the second quarter and first half of the 2019-2020 increased to 5.6 percent compared to the same period in previous years.

Planning Ministry targets 6% growth rate in 2020-2021: min.

Sun, 16 Feb 2020 - 12:37 GMT

The minister made these remarks during a meeting with the leaderships of the ministry to outline the plan for the fiscal year 2020-2021.

Deutsche Bank expects Egypt’s economy to continue improvement

Wed, 12 Feb 2020 - 01:56 GMT

Egypt’s growth rate is expected to reach 5.8 percent and 5.9 percent in 2020 and 2021, respectively, up from 5.6 percent in fiscal year 2018/2019, Deutsche Bank expected.

Finance min. reviews Egypt’s financial performance in H1 of 2019/20

Mon, 20 Jan 2020 - 04:08 GMT

Mai’t added in a press conference that Egypt achieved a primary surplus of LE 30 billion (0.5 percent) during the first half of 2019/2020.

Egypt aims to reach growth rate of 6.4% during 2020/21: Min.

Mon, 11 Nov 2019 - 02:41 GMT

The government aims to reduce the overall deficit rate to 6.2 percent, with the public debt to GDP ratio falling to 80 percent by completing fiscal controls.

More