Arab Monetary Fund sees Egypt GDP growth at 5.3% in 2019, 2020

The Arab Monetary Fund (AMF) expects Egypt’s GDP growth to reach 5.3% in 2019 and 2020, outstripping the expected regional average of 3.1% in 2019 and 3.4% by 2020, it said in its Arab Economic Outlook report (pdf). The fund expects the region’s combined budget deficit to reach 5.5% of GDP in 2019 and surplus to register around 1.6% through 2020. Oil exporters in the region should see growth of about 2.8% and 3.1% in 2019 and 2020, respectively.