World Bank downgrades Egypt growth outlook + says MENA is on an “unacceptably low” growth path
Egypt growth to slow to 3.7% this fiscal year, MENA as a whole will slow to 1.9% in 2023
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Egypt growth to slow to 3.7% this fiscal year, MENA as a whole will slow to 1.9% in 2023
The Italian bank is the latest to lower expectations for the country’s growth growth due to the ongoing economic crisis
The bank cuts its Egypt growth forecast for 2024 by 0.7 percentage points
Growth is expected to remain at 4.2% this year, according to a Reuters poll
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
EBRD forecasts growth slowing to 4% for FY 2022-23
As a measurement of social success GDP is outdated and limited, say economists
Growth is set to pick up again in the next two years
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