Growth rate

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.

IMF expects Egypt economy to grow 5.9% in year to end of June

Wed, 16 Oct 2019 - 11:16 GMT

Analysts have hailed Egypt for tough economic reforms tied to a three-year, $12 billion loan programme with the IMF agreed in late 2016, which has been disbursed in full.

Egypt’s Growth rate highest in 10 yrs

Tue, 17 Sep 2019 - 02:56 GMT

Unemployment reached 13.2 and the growth rate in 2013/2014 was at 2.9 percent, so the rate surpasses that of emerging and developing markets.

Egypt records growth rate of 5.7% in Q4 of 2018/19

Wed, 17 Jul 2019 - 11:58 GMT

Madbouli stated in the Cabinet weekly meeting that the growth rate during the last fiscal year recorded 5.6 percent.

Sisi orders to continue economic reforms, alleviate burdens on most-needy

Wed, 03 Jul 2019 - 10:29 GMT

Ma’it said in a meeting with Sisi that the budget deficit is expected to decrease to reach 8.4 percent of GDP.

Egypt to hit 8% growth rate in 2021/2022: Prime Minister

Thu, 02 May 2019 - 03:18 GMT

Madbouli stated at the Arab Economic Forum held in Beirut that Egypt started reaping the fruit of the reforms and efforts exerted during the recent period.

Significant figures of Egypt’s economy in IMF’s report

Mon, 08 Apr 2019 - 08:38 GMT

Egypt Today reviews the most significant figures in the IMF’s report.

World Bank expects Egypt to hit 2nd highest growth rate in MENA

Tue, 02 Apr 2019 - 11:59 GMT

The World Bank expected Egypt to achieve a growth rate of 5.5 percent during 2019, marking the second highest growth rate in the ME and N. Africa region behind Djibouti.