Egypt’s GDP to grow 5.5% over the coming two years -FocusEconomics

Egypt’s GDP will grow at a 5.5% clip in FY2019-2020 and FY2020-2021, according to forecasts from FocusEconomics. The company’s latest outlook predicts that growth will be driven by an uptick in consumption and fixed investment over the coming two years. However, “still-fragile government finances, an uncertain global trading environment and internal security problems” will continue to threaten the country’s growth outlook.

Looking back: Higher government spending in 9MFY2018-2019 resulted in a pick-up in economic growth during the third quarter, the report noted. Higher fixed investments and public wages, combined with lower unemployment and inflation, should have also supported growth during the period, it added.