{"id":599783,"date":"2019-01-10T04:43:51","date_gmt":"2019-01-10T04:43:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/world-bank-sees-egypt-growth-accelerating-0-2-faster-this-year\/"},"modified":"2019-01-10T04:43:51","modified_gmt":"2019-01-10T04:43:51","slug":"world-bank-sees-egypt-growth-accelerating-0-2-faster-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/10\/world-bank-sees-egypt-growth-accelerating-0-2-faster-this-year\/","title":{"rendered":"World Bank sees Egypt growth accelerating 0.2% faster this year"},"content":{"rendered":"

<\/a> World Bank sees Egypt growth accelerating 0.2% faster this year:<\/b> The World Bank sees Egypt\u2019s economic growth accelerating 0.2% faster in 2019 than originally anticipated in 2018, according to its Global Economic Prospects 2019: Darkening Skies report, which it released yesterday. Nonetheless, the World Bank maintained its forecast for Egypt\u2019s economic growth this year at 5.7%.<\/b> The WBG sees growth accelerating to 5.9% and 6.0% in 2020 and 2021, respectively, buoyed by strengthening activity in the tourism and natural gas sectors coupled with policy reforms, fiscal adjustments, and the easing of the country\u2019s unemployment rate.<\/p>\n

GDP estimates differ, but plenty on analysts see stellar growth coming Egypt\u2019s way: <\/b>Egypt should see strong economic growth this fiscal year, FocusEconomics says<\/a><\/u>. \u201c<\/b>This fiscal year, economic growth should be robust thanks to higher government investment spending, rising natural gas production and an improving regulatory environment,\u201d the firm said on Wednesday. It pointed to fiscal imbalances as a challenge though, predicting GDP to grow 5.2% this fiscal year and 5.3% in FY 2019-20.<\/p>\n

EM growth expected to stall in 2019: <\/b>Growth in emerging markets and developing economies (EDMEs) \u201cis expected to stall at 4.2 percent in 2019, markedly below previous expectations. The forecast reflects the lingering effects of recent financial market pressure in some large economies \u2026 Growth is projected to plateau at 4.6 percent toward the end of the forecast horizon.\u201d The report also puts global growth in 2018 at 3% and is forecasting 2.9% for this year.<\/p>\n

You can <\/b>read the full report here (pdf)<\/a><\/u><\/b> or check out the Middle East and North Africa chapter here (pdf)<\/a><\/u>.<\/p>\n

The story received some attention on the airwaves, <\/b>with Yahduth fi Masr\u2019s Sherif Amercovering the report (watch, runtime: 03:34)<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"

World Bank sees Egypt growth accelerating 0.2% faster this year: The World Bank sees Egypt\u2019s economic growth accelerating 0.2% faster in 2019 than originally anticipated in 2018, according to its Global Economic Prospects 2019: Darkening Skies report, which it released yesterday. Nonetheless, the World Bank maintained its forecast for Egypt\u2019s economic growth this year at […]<\/p>\n","protected":false},"author":1,"featured_media":599784,"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":[104,115,72,11270,348,2380,321],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economy","tag-emerging-markets","tag-enterpriseam","tag-focuseconomics","tag-gdp","tag-speed-round","tag-world-bank","wpautop","entry"],"acf":{"mongo_id":"dd6ca59d-4d21-4762-b616-9b1bd8ae7924","is_powered_by":true,"section_story_id":"3e46cea6-b44e-4707-bccd-253f2474e331","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/2429.jpg","photo_position":"above","related_issue":[599776],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank sees Egypt growth accelerating 0.2% faster this year - 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\/01\/10\/world-bank-sees-egypt-growth-accelerating-0-2-faster-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank sees Egypt growth accelerating 0.2% faster this year\" \/>\n<meta property=\"og:description\" content=\"World Bank sees Egypt growth accelerating 0.2% faster this year: The World Bank sees Egypt\u2019s economic growth accelerating 0.2% faster in 2019 than originally anticipated in 2018, according to its Global Economic Prospects 2019: Darkening Skies report, which it released yesterday. 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The bank says in its latest regional outlook growth will\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\/11\/2312.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592682,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/world-bank-sees-egypts-gdp-growth-outpacing-mena-average-this-year\/","url_meta":{"origin":599783,"position":1},"title":"World Bank sees Egypt\u2019s GDP growth outpacing MENA average this year","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"The World Bank sees Egypt\u2019s economy growing 5.5% this year, outpacing the MENA average of 1.5%, according to the World Bank\u2019s annual report (pdf). The report singles out Egypt\u2019s \u201cstrong reforms on the fiscal and energy fronts\u201d as a key driver of higher growth than its regional peers. Egypt\u2019s GDP\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\/11\/2426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561429,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/imf-more-upbeat-on-global-growth-says-covid-end-increasingly-visible\/","url_meta":{"origin":599783,"position":2},"title":"IMF more upbeat on global growth, says covid-end \u201cincreasingly visible\u201d","author":"enterpriseam admin","date":"7 April 2021","format":false,"excerpt":"The IMF sees the global economy growing this year at a faster pace than previously expected, saying in its updated World Economic Outlook that it now expects global growth to come in at 6% \u2014 0.5 percentage points higher than the 5.5% growth it had penciled in three months ago\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\/4\/60.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570803,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/the-coronavirus-will-trigger-the-worst-global-recession-since-the-great-depression-in-mena-only-egypts-economy-will-grow-this-year-imf\/","url_meta":{"origin":599783,"position":3},"title":"The coronavirus will trigger the worst global recession since the Great Depression; in MENA, only Egypt\u2019s economy will grow this year \u2013IMF","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"The coronavirus will trigger the worst global recession since the Great Depression, the IMF predicts: The world is facing its greatest economic crisis since the Great Depression as output plummets at a record pace in response to the \u201cGreat Lockdown\u201d put in place to contain covid-19, the IMF warned yesterday.\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\/4\/138.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/egypts-economy-to-grow-4-5-this-fiscal-year-before-accelerating-to-6-0-in-fy2021-2022\/","url_meta":{"origin":599783,"position":4},"title":"Egypt\u2019s economy to grow 4.5% this fiscal year before accelerating to 6.0% in FY2021-2022","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Egypt\u2019s economy will grow at a 4.5% clip this fiscal year before accelerating to 6.0% in FY2021-2022, the Economist Intelligence Unit (EIU) said in a report last week (pdf). The forecast for the current fiscal year is much more modest than the government\u2019s targetof 6.0% outlined in the state budget.\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\/9\/1476.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595918,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/egypt-on-track-to-become-breakout-nation-says-morgan-stanley\/","url_meta":{"origin":599783,"position":5},"title":"Egypt on track to become \u201cbreakout nation,\u201d says Morgan Stanley","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"Egypt on track to become \u201cbreakout nation,\u201d says Morgan Stanley: Egypt\u2019s reform program, including the currency float and successive rounds of subsidy cuts, coupled with government investment in infrastructure and energy projects, have put Egypt \u201con track to become a breakout nation,\u201d Morgan Stanley\u2019s head of EMs and Chief Global\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\/2023\/1\/498.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\/599783","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=599783"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599783\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599784"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599783"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599783"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}