{"id":597403,"date":"2019-07-25T03:46:40","date_gmt":"2019-07-25T03:46:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypts-economic-growth-to-slow-to-5-5-in-fy2019-2020-reuters-poll\/"},"modified":"2019-07-25T03:46:40","modified_gmt":"2019-07-25T03:46:40","slug":"egypts-economic-growth-to-slow-to-5-5-in-fy2019-2020-reuters-poll","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/egypts-economic-growth-to-slow-to-5-5-in-fy2019-2020-reuters-poll\/","title":{"rendered":"Egypt\u2019s economic growth to slow to 5.5% in FY2019-2020 - Reuters poll"},"content":{"rendered":"

<\/a> Egypt\u2019s economic growth to slow slightly to 5.5% in FY2019-2020 -poll:<\/b> 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<\/a>. The government\u2019s budget<\/a> eyes GDP growing at a 6% clip over the next 12 months. \u201cEven as leading economic indicators point toward weak consumer spending and stress on local firms, rising investment and government spending are supporting higher economic growth,\u201d Nadene Johnson, an economist at NKC African Economics, told Reuters. \u201cMedium-term growth prospects remain promising thanks to the natural gas sector and higher investment, while consumption is expected to recover following the completion of inflationary reforms.\u201d<\/p>\n

Inflation is expected to average 13% in FY2019-2020, 10.9% in FY2020-2021 and 9.0% in FY2021-2022<\/b>, economists predicted. Egypt\u2019s inflation rate dropped to 9.4% in June, but is expected to pick up again this month on the back of the last round of subsidy cuts<\/a>, which prompted the central bank to leave interest rates on hold<\/a> earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 economic indicators point toward weak […]<\/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":[8572],"tags":[611,72,348,182,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597403","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterprise-poll","tag-enterpriseam","tag-gdp","tag-inflation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7f8b9f4e-2222-4e05-b2b7-a945f6c048e8","is_powered_by":true,"section_story_id":"1e80c67f-d5b3-4755-bb86-8960519492eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[597394],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s economic growth to slow to 5.5% in FY2019-2020 - Reuters 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\/07\/25\/egypts-economic-growth-to-slow-to-5-5-in-fy2019-2020-reuters-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 to 5.5% in FY2019-2020 - Reuters 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 slightly to 5.5% in FY2019-2020, from 5.6% last year, according to a Reuters poll of economists. 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The company\u2019s latest outlook predicts that growth will be driven by an uptick in consumption and fixed investment over the coming two years. However, \u201cstill-fragile government finances, an uncertain global trading environment and\u2026","rel":"","context":"In "Speed Round"","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":597403,"position":2},"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 "Speed Round"","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":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":597403,"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 "Speed Round"","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":597944,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/stalling-foreign-investment-and-lack-of-competitiveness-key-risks-to-egyptian-economic-growth-ebrd\/","url_meta":{"origin":597403,"position":4},"title":"Stalling foreign investment and lack of competitiveness key risks to Egyptian economic growth- EBRD","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"Stalling foreign investment, high inflation are key risks to Egyptian economic growth- EBRD: A lack of foreign investment, persistent high inflation and the recent appreciation of the EGP are key risks to the Egyptian economy, the European Bank for Reconstruction and Development (EBRD) has said. The strengthening currency and current\u2026","rel":"","context":"In "Speed Round"","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\/120.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556369,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/egyptian-economy-to-grow-5-1-this-fiscal-year-reuters-poll\/","url_meta":{"origin":597403,"position":5},"title":"Egyptian economy to grow 5.1% this fiscal year -Reuters poll","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"Growth of the Egyptian economy will continue to accelerate in FY 2021-2022, expanding at a 5.1% clip before climbing to 5.5% in the following two years as the country continues to recover from the covid-19 pandemic, according to a Reuters poll of analysts. The economy grew 3.3% in FY 2020-2021,\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\/10\/238.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\/597403","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=597403"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/597403\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/597394"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=597403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=597403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=597403"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=597403"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=597403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}