Economists say growth will fall far below government’s estimates this year

Economists polled by Reuters Arabic are not as optimistic as the IMF or the Ismail government on Egypt’s growth prospects. Twelve analysts say Egypt’s GDP growth would be limited to 4.2% in the current fiscal year and will rise to 4.5% in FY2018-19. They see growth topping 4.6% FY2019-20. That’s substantially below the 5.3-5.5% rate projected for this fiscal year by the government.