20 Sep 2021

The Egyptian Cabinet revealed that Fitch Solutions expects Egypt’s GDP to grow by 153% by 2030 to reach USD943bn versus USD369bn in 2020. The 2030 forecast also predicts that, compared to 2020, foreign reserves will increase by 35% to USD46bn, the budget deficit will drop by 21%, inflation will level off at 4.8%, and unemployment will drop by 2% to sit at 6%.

(Source: State Information Service (English), Mubasher (English) (Arabic), Zawya (English), National Media Council, Amwal al-Ghad, al-Shurouk)