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Egypt’s economy grew 2.4% in FY 2023-24
Good afternoon, friends, and happy Thursday. It’s a wrap for a busy work week, and we’re ready to welcome the…
War in Gaza and falling gas production continue to be thorns in economy’s side, says BMI report
The report estimates that foreigners hold around half of treasury bills, amounting to about 90% of FX reserves
World Bank maintains Egypt’s growth forecast + shares forecast for FY 25-26
The lender sees growth picking up to 4.6% in FY 2025-26
War in Gaza could cost Egypt up to USD 20 bn, UNDP estimates
Suez Canal and tourism revenues are expected to take a big hit
EBRD once again slashes our growth forecast for 2024
The EBRD cut our growth forecast for 2024 to 3.9%, down 0.6 percentage points from its September forecast
Economy to grow at a 4.0% clip in preliminary budget report for FY 2024-25
The Madbouly government now sees the economy growing at a 4.0% clip in the coming fiscal year
IMF holds its growth forecast steady for Egypt for the current fiscal year
This is the first time in several months that the IMF has not downgraded its growth forecast for Egypt
World Bank cuts Egypt’s GDP growth for FY 2023/24 to 2.8%
The bank’s forecast is a 0.7 percentage point downward revision from its last assessment
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