{"id":594266,"date":"2019-10-24T03:57:00","date_gmt":"2019-10-24T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/"},"modified":"2019-10-24T03:57:00","modified_gmt":"2019-10-24T03:57:00","slug":"egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/","title":{"rendered":"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><b> Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll:<\/b> Egypt\u2019s economic growth will slow to 5.5% in the current FY2019-2020 fiscal year, down from 5.6% last year and below the government\u2019s <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/20\/house-committee-approves-fy2019-2020-draft-budget\/\">target of 6%<\/a> growth in FY2019-2020 and overall target range of 6-7%, <a href=\"https:\/\/uk.reuters.com\/article\/us-egypt-economy-poll\/egypts-growth-seen-at-55-in-fiscal-year-2019-20-57-next-fiscal-year-reuetrs-poll-idUKKBN1X20DG\">according to a Reuters poll<\/a> of economists. The poll confirms economists\u2019 <a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/25\/egypts-economic-growth-to-slow-to-5-5-in-fy2019-2020-reuters-poll\/\">July projections<\/a> for the current fiscal year, but the respondents downgraded their expectations for FY2020-2021 to 5.7% from 5.8%. Reuters notes that Egypt\u2019s non-oil private sector has expanded only six months since beginning the IMF-backed economic reform program in November 2016. The IHS \/ Markit Purchasing Managers\u2019 Index showed the sector contracted for the second consecutive month <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/07\/egypts-non-oil-business-activity-improves-marginally-in-september-but-remains-in-contraction-territory\/\">in September<\/a>.<\/p>\n<p><b>Inflation is seen slowing to 10.2% in FY2019-2020 and to 9.2% in FY2020-2021<\/b> from 33% in July 2017, the analysts said. \u201cWe expect prices to continue to decelerate in October 2019 before rising to high single digits by the end of the calendar year 2019 as they come off a lower base from the previous year,\u201d said Jacques Verreynne, an economist at NKC African Economics. <a href=\"https:\/\/enterprise.press\/stories\/2019\/10\/13\/egypts-annual-headline-inflation-falls-again-in-september-clearing-the-way-for-more-cuts\/\">Headline inflation cooled in September<\/a> for the fourth consecutive month to 4.3%, its lowest recording in nearly seven years.<\/p>\n<p><b>As inflation continues on a downward trajectory, analysts expect more rate cuts before the year is out<\/b>, which could unlock corporate borrowing for capex. \u201cAs of now, capex growth indications still remain muted,\u201d Allen Sandeep, head of research at Naeem Brokerage told the newswire. \u201cAssuming interest rates are cut by another 300 basis points, the hope for 2020 and 2021 is that pent-up demand finally kicks in.\u201d Sandeep noted that retail lending growth has crossed 20% and could rise to more than 30% next year, signaling a return to health for the private non-oil economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll: Egypt\u2019s economic growth will slow to 5.5% in the current FY2019-2020 fiscal year, down from 5.6% last year and below the government\u2019s target of 6% growth in FY2019-2020 and overall target range of 6-7%, according to a Reuters poll of economists. The poll confirms [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":594267,"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":[8572],"tags":[104,72,272,182,185,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economy","tag-enterpriseam","tag-imf","tag-inflation","tag-pmi","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7841d2af-81bc-408b-8a7e-e30acea3893a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/10\/1741.jpg","photo_position":"above","related_issue":[594261],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll - 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\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll: Egypt\u2019s economic growth will slow to 5.5% in the current FY2019-2020 fiscal year, down from 5.6% last year and below the government\u2019s target of 6% growth in FY2019-2020 and overall target range of 6-7%, according to a Reuters poll of economists. The poll confirms [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-24T03:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1741.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll\",\"datePublished\":\"2019-10-24T03:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\"},\"wordCount\":296,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/10\/1741.jpg?fit=%2C&ssl=1\",\"keywords\":[\"economy\",\"EnterpriseAM\",\"IMF\",\"inflation\",\"PMI\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/24\/egypts-economic-growth-to-slow-slightly-to-5-5-in-fy2019-2020-poll\/\",\"name\":\"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll - 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Reuters poll","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll: Egypt\u2019s economic growth will slow slightly to 5.5% in FY2019-2020, from 5.6% last year, according to a Reuters poll of economists. The government\u2019s budget eyes GDP growing at a 6% clip over the next 12 months. \u201cEven as leading\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567503,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/egypts-economy-to-grow-at-5-8-in-fy-2019-20-poll\/","url_meta":{"origin":594266,"position":1},"title":"Egypt\u2019s economy to grow at 5.8% in FY 2019-20 -poll","author":"enterpriseam admin","date":"26 January 2020","format":false,"excerpt":"Egypt\u2019s economic growth will accelerate to 5.8% in the current fiscal year, up from 5.6% in FY2018-2019, a Reuters poll finds. This prediction is in line with the Finance Ministry\u2019s recently-update growth expectations of 5.8-5.9%. The 20 economists polled by the newswire see the economy growing at 5.9% in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/689.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634801,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/24\/economists-say-growth-will-fall-far-below-governments-estimates-this-year\/","url_meta":{"origin":594266,"position":2},"title":"Economists say growth will fall far below government\u2019s estimates this year","author":"enterpriseam admin","date":"24 January 2018","format":false,"excerpt":"Economists polled by Reuters Arabic are not as optimistic as the IMF or the Ismail government on Egypt\u2019s growth prospects. Twelve analysts say Egypt\u2019s GDP growth would be limited to 4.2% in the current fiscal year and will rise to 4.5% in FY2018-19. They see growth topping 4.6% FY2019-20. That\u2019s\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":594266,"position":3},"title":"Gov\u2019t revises downwards FY2018-19 growth forecast to 5.6%","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin revises FY2018-2019 growth forecast to 5.6%: The Finance Ministry has revised downwards its growth forecast for FY2018-2019 to 5.6%, down from 5.8% previously, according to an official document seen by Enterprise. The budget deficit declined during the first nine months of the fiscal year to 5.3%, compared to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598872,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/standard-chartered-gives-thumbs-up-to-egypts-economic-reform-program\/","url_meta":{"origin":594266,"position":4},"title":"Standard Chartered gives thumbs up to Egypt\u2019s economic reform program","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Standard Chartered gives thumbs up to Egypt\u2019s economic reform program: Egypt will be the only oil-importing Middle East, North Africa, and Pakistan (MENAP) economy to see accelerating economic growth in the coming years, Standard Chartered has said in a report. The British bank predicts anaemic growth in other MENAP oil-importers,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/1541.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569315,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egypts-gdp-growth-reached-5-6-in-1h2019-2020\/","url_meta":{"origin":594266,"position":5},"title":"Egypt's GDP growth reached 5.6% in 1H2019-2020","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"Egypt's economy grew at a 5.6% clip in 1H2019-2020, Planning Minister Hala El Saidtold cabinet yesterday. Retail was the primary driver of growth during the first six months of the fiscal year, accounting for 14.7% of the period\u2019s economic expansion, followed by the industrial sector (12.6%) and agriculture (12%). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/262.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\/594266","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=594266"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594266\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/594267"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594266"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594266"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}