Egypt’s economic growth is expected to record 3.3 percent in the current fiscal year (FY) 2020/2021, down from 3.5 percent in FY2019/2020, while the … In FY 2021—which runs from July 2020 to June 2021—the economy is projected to slow further due to the ongoing effect of the pandemic and a weak external environment. Egypt Economic Growth. Thursday December 3, 2020. This page provides the latest reported value for - Egypt GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey … July 24, 2019. (Shutterstock) He said the percentage varied according to how each Egypt expects economic growth between 2.8 and 4% in 2021 Egypt had been hoping for growth between 6 and 6.5 percent before the coronavirus crisis broke out. Egypt’s population to reach 132.3 million by 2030 if growth stabilises at 2.56%: Planning Minister. population - Egypt needs to achieve annual GDP growth of more than 8% to enhance current living standards, says former ECES Executive Director. However, in 2011, the government underwent a political revolution that left significantly reduced its growth. Maait said the estimated rate of economic growth in the fiscal year 2021-2022 would reach between 2.8 and 4 percent. EBRD looks forward to further cooperation with Egypt, the official stated. This new economic approach helped Egypt’s economy grow by 8% between 2004 and 2009. CAIRO: Egyptian Finance Minister Mohamed Maait said the country was reaching positive growth rates, calling it a great achievement in light of the global conditions brought on by the coronavirus pandemic. A continued contraction in exports is set to weigh heavily on overall growth, while decelerating private consumption and public spending should also contribute to the slowdown. Egypt gdp growth rate for 2017 was 4.18%, a 0.17% decline from 2016. Maait said the estimated rate of economic growth in the fiscal year 2021-2022 would reach… The reforms, supported by a US$ 12 billion EFF arrangement from the IMF, are aimed at achieving more sustainable, inclusive, and private-sector-led growth that will improve … Egypt gdp growth rate for 2019 was 5.56%, a 0.24% increase from 2018. GDP Annual Growth Rate in Egypt averaged 4.23 percent from 1992 until 2020, reaching an all time high of 7.70 percent in the fourth quarter of 2007 and a record low of -3.80 percent in the first quarter of 2011. Egypt had been hoping for growth between 6 and 6.5 percent before the coronavirus crisis broke out. Egypt gdp growth rate for 2018 was 5.31%, a 1.13% increase from 2017. Egypt: A Path Forward for Economic Prosperity. The country topped the emerging market economies in containing the rate of inflation during the current year, according to data from the Egyptian cabinet, despite the global repercussions of the health emergency. ArabFinance: Egypt registered the highest economic growth rate among the 39 states where the European Bank for Reconstruction and Development (EBRD) operates, the bank’s Managing Director for the Southern and Eastern Mediterranean Region Heike Harmgart said on November 29 th. Its nominal gross domestic product (GDP) for 2015 … Author: Sun, 2020-11-29 22:12 CAIRO: Egyptian Finance Minister Mohamed Maait said the country was reaching positive growth rates, calling it a great achievement in light of the global conditions brought on by the coronavirus pandemic. Egypt’s economic reforms have helped strengthen growth, reduce unemployment, increase foreign exchange reserves, and put public debt on a downward path. Egypt gdp growth rate for 2016 was 4.35%, a 0.03% decline from 2015.
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