AMF forecast sees Egyptian economy growing 5% in 2018

The Arab Monetary Fund sees the Egyptian economy growing at 5% clip in 2018 and accelerating to 5.5% next year, according to its latest Arab Economic Outlook report (pdf). The report praises economic reforms for driving higher export volumes and making Egypt a top recipient of FDI in the Arab world. On the flipside, high poverty and unemployment rates remain the country’s biggest challenge moving forward, and require the state to focus on creating jobs for young, educated citizens and women, the report says.