EBRD sees FY2017-18 growth in Egypt hitting 4.5%

The European Bank for Reconstruction and Development expects Egypt’s economy to grow by 4.5% in FY2017-18, up from 4.1% in FY2016-17, in its Regional Economic Prospects report. For the EBRD’s southern and eastern Mediterranean (SEMED) region, the report expects an overall growth of 3.8% in 2017 and 4% in 2018, “supported by reform implementation and continued recovery in the tourism sector, and export rebounds in Egypt and Jordan.”