{"id":600250,"date":"2019-01-23T04:02:08","date_gmt":"2019-01-23T04:02:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/egypts-gdp-will-fall-slightly-over-the-next-two-years-un-says\/"},"modified":"2019-01-23T04:02:08","modified_gmt":"2019-01-23T04:02:08","slug":"egypts-gdp-will-fall-slightly-over-the-next-two-years-un-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/egypts-gdp-will-fall-slightly-over-the-next-two-years-un-says\/","title":{"rendered":"Egypt\u2019s GDP will fall slightly over the next two years, UN says"},"content":{"rendered":"

<\/a> Egypt\u2019s GDP growth rate will slow slightly over the next two years, hitting 5.2% in 2019 before falling to 4.7% in 2020<\/b>, the United Nations projects in its 2019 World Economic Situation and Prospects report<\/a>.<\/p>\n

Take UN estimates with a pinch of salt:<\/b> The UN now estimates the Egyptian economy grew by 5.8% in 2018, beating the 3.8% figure the world body had forecast at the beginning of last year.<\/p>\n

The IMF, by contrast, sees Egyptian GDP growth accelerating through 2020: <\/b>Its Data Mapper tool<\/a> shows the fund predicts growth in Egypt will accelerate from 5.3% in 2018 to 5.5% this year, 5.9% in 2020 and then 6.0% in 2021 and 2022.<\/p>\n

Easing inflation: <\/b>Consumer price inflation will continue its downward trajectory over the next couple of years, the UN report says. The headline rate \u2014 which currently sits at 12%<\/a> \u2014 is expected to average 10.7% over the next 12 months before falling to 8.9% through 2020. The UN figures that will prompt the central bank to keep its monetary policy unchanged through much of 2019.<\/p>\n

Fiscal reform: <\/b>The report highlights fiscal consolidation as the major bogeyman of North African economic policymakers. Despite fiscal deficits narrowing slightly, the report notes that the Egyptian government must do more to increase its revenue to avoid damaging the country\u2019s growth prospects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s GDP growth rate will slow slightly over the next two years, hitting 5.2% in 2019 before falling to 4.7% in 2020, the United Nations projects in its 2019 World Economic Situation and Prospects report. Take UN estimates with a pinch of salt: The UN now estimates the Egyptian economy grew by 5.8% in 2018, […]<\/p>\n","protected":false},"author":1,"featured_media":600251,"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":[104,72,348,182,349,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-economy","tag-enterpriseam","tag-gdp","tag-inflation","tag-interest-rates","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1b3f4f6d-566f-49dc-ac88-505351a63ac4","is_powered_by":true,"section_story_id":"d84b56a4-ea55-42fa-8b1e-dbf5b539a8cb","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/1\/2161.jpg","photo_position":"above","related_issue":[600241],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s GDP will fall slightly over the next two years, UN says - 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\/23\/egypts-gdp-will-fall-slightly-over-the-next-two-years-un-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s GDP will fall slightly over the next two years, UN says\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s GDP growth rate will slow slightly over the next two years, hitting 5.2% in 2019 before falling to 4.7% in 2020, the United Nations projects in its 2019 World Economic Situation and Prospects report. 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5.5% in FY2019-2020 - 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 "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":556369,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/egyptian-economy-to-grow-5-1-this-fiscal-year-reuters-poll\/","url_meta":{"origin":600250,"position":4},"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":[]},{"id":598792,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/egypts-gdp-to-grow-5-5-over-the-coming-two-years-focuseconomics\/","url_meta":{"origin":600250,"position":5},"title":"Egypt\u2019s GDP to grow 5.5% over the coming two years -FocusEconomics","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"Egypt\u2019s GDP will grow at a 5.5% clip in FY2019-2020 and FY2020-2021, according to forecasts from FocusEconomics. 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600250","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=600250"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600250\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/600251"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600250"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600250"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}