84898
Egypt Growth to Reach 5.2%
Egypt Growth to Reach 5.2%

Egypt Growth to Reach 5.2%

Egypt Growth to Reach 5.2%

The International Monetary Fund expects economic growth in Egypt to reach 5.2% in 2018 and 5.5% in 2019, according to its new World Economic Outlook report. The report moreover forecasts growth to reach as much as 6% by 2023, reflecting the rise in domestic demand and the impact of recent economic reforms which is now harvesting their fruits, AFP reported. The IMF also predicts a decline in Egypt’s unemployment rate to 11.1% in 2018 and 9.7% in 2019 compared to 12.2% in 2017. Earlier this week, Egyptian Minister of Finance Amr el-Garhy revealed that the government’s IMF-sponsored economic reform program has yielded results, saying it helped decrease the unemployment rate by 2.3 percentage points in the past three years. The IMF also expects inflation rates in Egypt to fall to 13% in 2019 compared to 20.1% during the current fiscal year. Egypt’s official statistics body the Central Agency for Public Mobilization and Statistics reported that the annual urban consumer price inflation fell by 1.1% in March compared to February this year.

Short URL : https://goo.gl/WYpH4G
  1. https://goo.gl/8pvfhk
  • https://goo.gl/WyP2EN
  • https://goo.gl/SDbwG6
  • https://goo.gl/XBuUhY
  • https://goo.gl/DPBT8M

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus