Egypt GDP Growth Forecasted At 6-7% In 2Q21/22; 5.5-5.7% In FY21/22

Giving More to Your Wealth
15 Dec 2021


The Minister of Planning & Economic Development stated that the government is forecasting 6-7% GDP growth for 2Q21/22. She also said that their growth forecast for FY21/22 is 5.5-5.7%, which would be the highest rate in the Middle East. This is in light of the Egyptian economy achieving the highest quarterly GDP growth rate in two decades, having reached 9.8% in 1Q21/22. It is worthy to note that Egypt was one of the few countries in the world to achieve positive growth during the Covid pandemic, growing by 3.3% in 2020.

(Source: Reuters (English), Zawya (English), State Information Service, Mubasher, Hapi Journal, al-Youm al-Saabe, al-Shurouk (1) (2), Sada el-Balad, Akhbar al-Youm, CNBC Arabia, Sky News Arabia, RT Arabic)

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