{"id":623119,"date":"2018-10-22T04:24:45","date_gmt":"2018-10-22T04:24:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/hsbc-is-bullish-on-egypt-through-2030\/"},"modified":"2018-10-22T04:24:45","modified_gmt":"2018-10-22T04:24:45","slug":"hsbc-is-bullish-on-egypt-through-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/hsbc-is-bullish-on-egypt-through-2030\/","title":{"rendered":"HSBC is bullish on Egypt through 2030"},"content":{"rendered":"<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> ** #1 <strong>Your morning must-read: HSBC is bullish on Egypt through 2030. <\/strong>Egypt was ranked 15th out of 75 countries in HSBC\u2019s long-term future growth report (pdf). The report, which measures the growth trajectory of these 75 countries through to 2030, models a country\u2019s catch-up potential, population (size and shape), human capital (education and healthcare), politics, openness, impact of climate change and technology and the effects these factors have on GDP.<\/p>\n<p><strong>Egypt\u2019s GDP is projected to grow by an average 4.6% through to 2030<\/strong>, according to the report. On a short-term basis (2018-2023), it\u2019s not as rosy, with GDP growth projected to come in at 3.8%. HSBC sees growth picking up to an average of 5.0% in 2023-2-28 before accelerating to 5.6% in 2028-2033. In USD terms, Egypt\u2019s GDP is expected to nearly double to USD 0.4 tn in 2030 from USD 0.2 tn in 2018. Egypt\u2019s GDP growth hit 5.3% in FY2017-18, with the government projecting it to rise to 5.5% in FY2018-19.<\/p>\n<p><strong>The report projects that Egypt\u2019s population will rise to 119.7 mn by 2030<\/strong>, from a current 99.4 mn.<\/p>\n<p><strong>The catch? Egypt is one of the countries most at risk of not meeting projections: <\/strong>Egypt was named among the countries where HSBC economists see some risks in meeting their long-term projections. Along with Morocco, Jordan, and Tunisia, the report sees high youth unemployment as posing a risk to Egypt\u2019s ability to harness its demographic potential. Egypt and other EMs are also projected to be the most sensitive to climate change and environmental risk factors.<\/p>\n<p><strong>The report is upbeat about long-term prospects for EMs in general:<\/strong> The report concludes that emerging markets are the ones to achieve best growth in 2030. \u201cEM countries will account for roughly 50% of global GDP by 2030, which represents a seismic shift from half that in 2000. As these countries develop and the nature of growth becomes more domestically oriented and consumer-led, such as we are seeing in China, the influence on developed markets will rise,\u201d says the report. Over the coming decade or so, roughly 70% of global growth will be from EMs. Bangladesh, India, Ethiopia, Pakistan, and the Philippines were the report\u2019s top five in terms of GDP growth trend through to 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>** #1 Your morning must-read: HSBC is bullish on Egypt through 2030. Egypt was ranked 15th out of 75 countries in HSBC\u2019s long-term future growth report (pdf). The report, which measures the growth trajectory of these 75 countries through to 2030, models a country\u2019s catch-up potential, population (size and shape), human capital (education and healthcare), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":623120,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3a6511be-ce6c-413d-99a4-ab6c5ee8177a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/4\/1294.jpg","photo_position":"above","related_issue":[623114],"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>HSBC is bullish on Egypt through 2030 - 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\/2018\/10\/22\/hsbc-is-bullish-on-egypt-through-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSBC is bullish on Egypt through 2030\" \/>\n<meta property=\"og:description\" content=\"** #1 Your morning must-read: HSBC is bullish on Egypt through 2030. 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Egypt was ranked 15th out of 75 countries in HSBC\u2019s long-term future growth report (pdf). 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The retail, agriculture, industrial, real estate, and telecoms sectors contributed the most to Egypt\u2019s 5.6% GDP growth registered in 1Q2019-20, Planning Minister Hala El Said told cabinet yesterday. The sectors contributed to about 56% of Egypt\u2019s GDP growth this quarter. She also\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":567296,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/19\/egypt-expected-to-have-highest-gdp-growth-in-north-africa-debt-sustainability-remains-a-concern-un\/","url_meta":{"origin":623119,"position":1},"title":"Egypt expected to have highest GDP growth in North Africa, debt sustainability remains a concern -UN","author":"enterpriseam admin","date":"19 January 2020","format":false,"excerpt":"Egypt\u2019s GDP growth forecast among the highest in North Africa, debt sustainability remains a concern -UN: Egypt\u2019s GDP is expected to grow at a 5.8% clip in 2020 and 5.3% in 2021, one of the highest in North Africa, according to the United Nations\u2019 2020 World Economic Situation and Prospects\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\/634.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597724,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/egypt-outperforms-regional-oil-importers-on-gdp-export-growth-lags-behind-in-containing-inflation-and-debt\/","url_meta":{"origin":623119,"position":2},"title":"Egypt outperforms regional oil importers on GDP, export growth; lags behind in containing inflation and debt","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"Egypt outperforms regional oil importers on GDP, export growth; lags behind in containing inflation and debt: Egypt\u2019s projected GDP growth rate is expected to outstrip the average among oil importing countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) over the next two years, the IMF said in\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\/4\/634.png?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":623119,"position":3},"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). 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Egypt\u2019s GDP\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\/11\/2426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543023,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/02\/egypt-to-ride-the-recovery-wave-as-world-economy-set-to-surpass-usd-100-tn-in-2022\/","url_meta":{"origin":623119,"position":4},"title":"Egypt to ride the recovery wave as world economy set to surpass USD 100 tn in 2022","author":"enterpriseam admin","date":"2 January 2022","format":false,"excerpt":"Global GDP is set to surpass a record USD 100 tn in 2022, with growth expected to hit 4.2% this year, according to the World Economic League Table (WELT) from the Centre for Economics and Business Research (CEBR). That\u2019s two years earlier than the UK-based think tank previously expected the\u2026","rel":"","context":"In &quot;Macro picture&quot;","block_context":{"text":"Macro picture","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/374.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573551,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/egyptian-economy-to-grow-at-2-5-3-clip-in-fy2020-2021-hsbc\/","url_meta":{"origin":623119,"position":5},"title":"Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC","author":"enterpriseam admin","date":"10 August 2020","format":false,"excerpt":"HSBC sees the Egyptian economy growing at a 2.5-3% clip in FY2020-2021 as strong economic fundamentals help the country weather the worst of the economic fallout caused by the covid-19 pandemic, according to a research note picked up by the local press. Growth will remain weak for the remainder of\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\/8\/57.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\/623119","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=623119"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623119\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/623120"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623119"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623119"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}