{"id":598039,"date":"2019-05-13T03:54:17","date_gmt":"2019-05-13T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/"},"modified":"2019-05-13T03:54:17","modified_gmt":"2019-05-13T03:54:17","slug":"sp-sees-strong-growth-prospects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/","title":{"rendered":"S&P sees strong growth prospects in Egypt"},"content":{"rendered":"

S&P sees strong growth prospects in Egypt: <\/b>Egypt\u2019s economy is expected to expand by 5.3% in real terms in the current state fiscal year, ratings agency Standard & Poor\u2019s said in a report. S&P\u2019s outlook for the Egyptian economy remains stable, predicting the economy will continue to grow at a 5.5% clip over the next three years, according to a Zawya<\/a> pickup of a report in the Saudi Gazette.<\/p>\n

What\u2019s driving growth? <\/b>Pickups in natural gas exploration and production, manufacturing, tourism, and construction, S&P says. Better yet, the rating agency sees a \u201crobust pipeline of projects,\u201d increasing natural gas production and a rebound in tourism are all expected to attract greater FDI inflows in the near future. Sustained growth in construction will be supported by significant investments in infrastructure, including the New Suez Canal Economic Zone and the new administrative capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

S&P sees strong growth prospects in Egypt: Egypt\u2019s economy is expected to expand by 5.3% in real terms in the current state fiscal year, ratings agency Standard & Poor\u2019s said in a report. S&P\u2019s outlook for the Egyptian economy remains stable, predicting the economy will continue to grow at a 5.5% clip over the next […]<\/p>\n","protected":false},"author":1,"featured_media":598040,"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":[11207,130,7106,11208,72,103,1653,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-annual-growth","tag-construction","tag-debt","tag-economic-expansion","tag-enterpriseam","tag-fdi","tag-sp","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ac47fdc8-6acd-4897-bd3f-e306a15e03d1","is_powered_by":true,"section_story_id":"5966814b-de66-43c9-84d5-b09dbb8228c6","story_type":"1","photo_url":"https:\/\/ent.news\/2020\/3\/67.jpg","photo_position":"above","related_issue":[598029],"teaser":"","voice_url":""},"yoast_head":"\nS&P sees strong growth prospects in Egypt - 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\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&P sees strong growth prospects in Egypt\" \/>\n<meta property=\"og:description\" content=\"S&P sees strong growth prospects in Egypt: Egypt\u2019s economy is expected to expand by 5.3% in real terms in the current state fiscal year, ratings agency Standard & Poor\u2019s said in a report. S&P\u2019s outlook for the Egyptian economy remains stable, predicting the economy will continue to grow at a 5.5% clip over the next […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-13T03:54:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.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\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"S&P sees strong growth prospects in Egypt\",\"datePublished\":\"2019-05-13T03:54:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/3\/67.jpg?fit=%2C&ssl=1\",\"keywords\":[\"annual growth\",\"construction\",\"debt\",\"economic expansion\",\"EnterpriseAM\",\"FDI\",\"S&P\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/13\/sp-sees-strong-growth-prospects-in-egypt\/\",\"name\":\"S&P sees strong growth prospects in Egypt - 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Nonetheless, the World Bank maintained its forecast for Egypt\u2019s\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\/2019\/1\/2429.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571520,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/ebrd-sees-egypts-economy-growing-3-next-fiscal-year-after-sharp-slowdown-in-2020\/","url_meta":{"origin":598039,"position":1},"title":"EBRD sees Egypt\u2019s economy growing 3% next fiscal year after \u201csharp\u201d slowdown in 2020","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"EBRD sees Egypt\u2019s economy growing 3% next fiscal year after \u201csharp\u201d slowdown in 2020: The European Bank for Reconstruction and Development (EBRD) expects Egypt\u2019s GDP growth in FY2020-2021 to come in at 3% as disruptions from the pandemic weigh on growth during the first six months of the fiscal year,\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\/5\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566601,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/29\/ebrd-is-a-bit-more-optimistic-about-our-growth-prospects\/","url_meta":{"origin":598039,"position":2},"title":"EBRD is a bit more optimistic about our growth prospects","author":"enterpriseam admin","date":"29 June 2021","format":false,"excerpt":"Egypt\u2019s economy to grow 4.5% in FY2021-2022, says EBRD in June update: The European Bank for Reconstruction and Development (EBRD) sees economic growth in Egypt slowing down to 2.5% in the state\u2019s ongoing fiscal year, which ends on 1 July, before recovering to 4.5% in FY2021-2022, the bank said in\u2026","rel":"","context":"In "SPEED ROUND: ECONOMY"","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621222,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/ebrd-sees-egypt-economy-improving-on-zohr-rising-fdi-strengthening-exports-improved-competitiveness\/","url_meta":{"origin":598039,"position":3},"title":"EBRD sees Egypt economy improving on Zohr, rising FDI, strengthening exports, improved competitiveness","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"EBRD sees Egypt economy improving on Zohr, rising FDI, strengthening exports, improved competitiveness: The European Bank for Reconstruction and Development (EBRD) is projecting that Egypt\u2019s GDP growth will reach 5.5% in FY2018-19, up from 5.3% in FY2017-18, according to the November 2018 update to its Regional Economic Prospects Report (pdf).\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":597497,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/egypts-current-account-deficit-to-continue-to-widen-as-trade-balance-deteriorates-fitch\/","url_meta":{"origin":598039,"position":4},"title":"Egypt\u2019s current account deficit to continue to widen as trade balance deteriorates -Fitch","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"We may be close to finishing the IMF program, but our trade balance isn\u2019t looking much better: Egypt\u2019s current account deficit will continue to widen over the coming quarters as the country\u2019s trade balance deteriorates, Fitch Solutions says in a new report. 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