{"id":627653,"date":"2018-06-07T04:19:07","date_gmt":"2018-06-07T04:19:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/"},"modified":"2018-06-07T04:19:07","modified_gmt":"2018-06-07T04:19:07","slug":"egyptian-economy-to-grow-5-3-in-2018-world-bank-says","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/","title":{"rendered":"Egyptian economy to grow 5.3% in 2018, World Bank says"},"content":{"rendered":"\n

<\/a> The World Bank sees Egypt\u2019s economy growing a brisk 5.3% during 2018, <\/strong>according to its Global Economic Prospects report (pdf)<\/a>. Real GDP is then seen growing to 5.7% in 2019 and 5.8% in 2020 as \u201cinvestment and net exports have improved, supported by the stability of the exchange rate and stronger domestic demand.\u201d Inflation has also cooled in Egypt, the report notes, falling to around 13% in April from a record-high of 35.3% last summer after the government hiked fuel and electricity prices, in turn allowing the CBE to implement two consecutive interest rate cuts of 100 bps each.<\/p>\n

For the fiscal year, <\/strong>the World Bank had previously said<\/a> in its Economic Outlook April 2018 report that real GDP would grow by 5.0% in FY2017-18 and rise gradually to 5.8% by FY2020-2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank sees Egypt\u2019s economy growing a brisk 5.3% during 2018, according to its Global Economic Prospects report (pdf). Real GDP is then seen growing to 5.7% in 2019 and 5.8% in 2020 as \u201cinvestment and net exports have improved, supported by the stability of the exchange rate and stronger domestic demand.\u201d Inflation has […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627653","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a1dd9e2f-087f-4a45-9786-f1f882954b58","order":"0","is_powered_by":true,"section_story_id":"4f52e8c0-59a1-4ef6-a9ce-c140cd658478","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627646],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian economy to grow 5.3% in 2018, World Bank 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\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian economy to grow 5.3% in 2018, World Bank says\" \/>\n<meta property=\"og:description\" content=\"The World Bank sees Egypt\u2019s economy growing a brisk 5.3% during 2018, according to its Global Economic Prospects report (pdf). Real GDP is then seen growing to 5.7% in 2019 and 5.8% in 2020 as \u201cinvestment and net exports have improved, supported by the stability of the exchange rate and stronger domestic demand.\u201d Inflation has […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-07T04:19:07+00:00\" \/>\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\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian economy to grow 5.3% in 2018, World Bank says\",\"datePublished\":\"2018-06-07T04:19:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/07\/egyptian-economy-to-grow-5-3-in-2018-world-bank-says\/\",\"name\":\"Egyptian economy to grow 5.3% in 2018, World Bank says - 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The range is higher than the outlook offered by Finance Minister Mohamed Maait earlier this month,\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\/11\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549945,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/09\/word-bank-raises-its-growth-forecast-for-mena-and-praises-egypts-resolve-to-control-inflation\/","url_meta":{"origin":627653,"position":3},"title":"Word Bank raises its growth forecast for MENA and praises Egypt\u2019s resolve to control inflation","author":"enterpriseam admin","date":"9 October 2022","format":false,"excerpt":"The World Bank expects Egypt\u2019s economy to grow at a 4.8% clip in FY 2022-2023, according to its October MENA Economic Update (pdf). 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