{"id":555712,"date":"2021-11-24T03:50:08","date_gmt":"2021-11-24T03:50:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/24\/govt-upgrades-2021-2022-growth-forecast\/"},"modified":"2021-11-24T03:50:08","modified_gmt":"2021-11-24T03:50:08","slug":"govt-upgrades-2021-2022-growth-forecast","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/24\/govt-upgrades-2021-2022-growth-forecast\/","title":{"rendered":"Gov\u2019t upgrades 2021-2022 growth forecast"},"content":{"rendered":"

<\/a> The<\/strong> government is predicting growth of 5.6% in the current 2021-2022 fiscal year<\/strong>, Planning Minister Hala El Said said at EFG Hermes\u2019 Egypt Day<\/a> conference yesterday, according to a ministry statement<\/a>. The projection marks an upwards revision of a previous<\/a> prediction for 5.4% growth.<\/p>\n

The state is slightly more optimistic on growth than others have been:<\/strong> The IMF is expecting<\/a> Egypt\u2019s economy to \u201crebound strongly\u201d at an estimated 5.2%, the World Bank is pegging<\/a> this year\u2019s growth at 5.0%, the European Bank for Reconstruction and Development coming in at 4.9%, and an October Reuters poll<\/a> putting the figure at 5.1%. The economy grew 3.3% in FY 2020-2021, according to preliminar<\/a>y figures<\/a> released in September.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is predicting growth of 5.6% in the current 2021-2022 fiscal year, Planning Minister Hala El Said said at EFG Hermes\u2019 Egypt Day conference yesterday, according to a ministry statement. The projection marks an upwards revision of a previous prediction for 5.4% growth. The state is slightly more optimistic on growth than others have […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[104,72,348,727,678],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555712","post","type-post","status-publish","format-standard","hentry","category-economy","tag-economy","tag-enterpriseam","tag-gdp","tag-hala-el-said","tag-planning-ministry","wpautop","entry"],"acf":{"mongo_id":"b071df06-4687-4696-8505-338934514f9a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555706],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t upgrades 2021-2022 growth forecast - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/24\/govt-upgrades-2021-2022-growth-forecast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t upgrades 2021-2022 growth forecast\" \/>\n<meta property=\"og:description\" content=\"The government is predicting growth of 5.6% in the current 2021-2022 fiscal year, Planning Minister Hala El Said said at EFG Hermes\u2019 Egypt Day conference yesterday, according to a ministry statement. The projection marks an upwards revision of a previous prediction for 5.4% growth. 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The forecast for the second quarter of the state\u2019s fiscal year is slightly lower than the 9.8% growth recorded in 1Q2021-2022, El Said noted, but we\u2019re still on\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543898,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/govt-again-ups-2021-2022-growth-forecast\/","url_meta":{"origin":555712,"position":3},"title":"Gov\u2019t again ups 2021-2022 growth forecast","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"Egypt\u2019s economy is expected to grow 6.2-6.5% in FY2021-2022, marking an upwards revision from the previously expected 6%, Planning Minister Hala El Said said yesterday, according to a statement. The economy grew 3.3% during FY2020-2021, according to official figures.The upwards revision comes after 2Q2021-2022 growth exceeded expectations to record 8.3%,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/332.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556997,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/we-smashed-growth-expectations-in-4q2020-2021\/","url_meta":{"origin":555712,"position":4},"title":"We smashed growth expectations in 4Q2020-2021","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Egypt\u2019s economy grew at a 7.7% clip in 4Q2020-2021, accelerating from a contraction of 1.7% during the final quarter of the previous fiscal year \u2014 and up from the2.9% growth recorded in 3Q2020-2021 quarter, Planning Minister Hala El Said said during a Cabinet meeting yesterday. 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GDP growth in the first quarter of the state\u2019s current fiscal year (which starts in July) came despite continued global headwinds thanks to the pandemic, the war in Ukraine, and climate change, Planning\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555712"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555712\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555706"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555712"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555712"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}