IMF Raises Egypt’s GDP Growth Forecast

Giving More to Your Wealth
13 Oct 2021

The IMF, in its most recent World Economic Outlook Report for October 2021, raised Egypt’s 2021 GDP growth forecast to 3.3%. Their 2021 forecast was 2.5% in April 2021 and then 2.8% in July 2021. They forecast Egypt’s GDP growth in 2022 at 5.2%. As for inflation, the IMF sees it reaching 4.5% in 2021 and 6.3% in 2022. The current account deficit is expected to drop to 3.9% in 2021 and 3.7% in 2022. Unemployment is expected to reach 9.3% in 2021 and 9.2% in 2022. Note that the IMF also lowered their projection for global growth in the same report.

(Source: IMF (English), State Information Service (English), Mubasher (English), Amwal al-Ghad (English) (Arabic), al-Ahram (English), Daily News Egypt (English), Egypt Today (English), al-Maal, Hapi Journal, al-Youm al-Saabe, al-Watan, Akhbar al-Youm, al-Arabiya)

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