{"id":628409,"date":"2018-05-03T04:07:56","date_gmt":"2018-05-03T04:07:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/imfs-regional-economic-outlook-sees-gas-production-propping-up-egypts-gdp-growth\/"},"modified":"2018-05-03T04:07:56","modified_gmt":"2018-05-03T04:07:56","slug":"imfs-regional-economic-outlook-sees-gas-production-propping-up-egypts-gdp-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/imfs-regional-economic-outlook-sees-gas-production-propping-up-egypts-gdp-growth\/","title":{"rendered":"IMF\u2019s regional economic outlook sees gas production propping up Egypt\u2019s GDP growth"},"content":{"rendered":"

<\/a> Rising natural gas production in Egypt will help bump GDP growth to 5.2% this year and 5.5% in 2019<\/strong>, the IMF said in its Regional Economic Outlook May 2018 report<\/a>. \u201cThe outlook for Egypt has improved relative to the October 2017 forecast. In the context of its IMF-supported program, improving confidence is boosting private consumption and investment, adding to the increase in exports and tourism.\u201d This forecast puts Egypt ahead of most other net oil importers in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region, which the report expects to record growth rates between 1.5% and 4.5% this year. Across MENAP, Pakistan alone outstrips Egypt with an estimated GDP growth rate of 5.6% this year.<\/strong><\/p>\n

Debt levels remain high in Egypt<\/strong>, the report notes, with significant debt-service burdens that \u201ccrowd out growth-enhancing expenditures.\u201d Tightening monetary policies in high-deficit countries including Egypt are expected to drive up financing costs and further increase the debt burden, according to the report.<\/p>\n

Growing economies aren\u2019t creating jobs fast enough to make a dent in youth unemployment:<\/strong> Growth levels across the region \u201cremain too low to effectively reduce unemployment, particularly for young people.\u201d According to the report, oil-importing countries \u2014 including Egypt, Jordan, Lebanon, Morocco, and Syria \u2014 must reach growth levels of 6.2% just to keep unemployment at its current average of 10%.<\/p>\n

For Egypt, this means creating 700k to 1 mn new jobs every year<\/strong>, which is only attainable with private sector involvement, the IMF\u2019s Middle East & Central Asia Department Director Jihad Azour tells the Associated Press<\/a>. \u201cAllow the private sector to be in the leading role and for the state to move from being an operator to an enabler, and give more room for the private sector to invest,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rising natural gas production in Egypt will help bump GDP growth to 5.2% this year and 5.5% in 2019, the IMF said in its Regional Economic Outlook May 2018 report. \u201cThe outlook for Egypt has improved relative to the October 2017 forecast. In the context of its IMF-supported program, improving confidence is boosting private consumption […]<\/p>\n","protected":false},"author":1,"featured_media":628410,"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-628409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"64dbc2a4-6013-46fd-8c36-e29217caade0","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/5\/2646.jpg","photo_position":"above","related_issue":[628403],"teaser":"","voice_url":""},"yoast_head":"\nIMF\u2019s regional economic outlook sees gas production propping up Egypt\u2019s GDP growth - 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\/05\/03\/imfs-regional-economic-outlook-sees-gas-production-propping-up-egypts-gdp-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF\u2019s regional economic outlook sees gas production propping up Egypt\u2019s GDP growth\" \/>\n<meta property=\"og:description\" content=\"Rising natural gas production in Egypt will help bump GDP growth to 5.2% this year and 5.5% in 2019, the IMF said in its Regional Economic Outlook May 2018 report. \u201cThe outlook for Egypt has improved relative to the October 2017 forecast. 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When excluding Pakistan\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\/10\/1549.png?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":628409,"position":1},"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 "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\/4\/634.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598872,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/standard-chartered-gives-thumbs-up-to-egypts-economic-reform-program\/","url_meta":{"origin":628409,"position":2},"title":"Standard Chartered gives thumbs up to Egypt\u2019s economic reform program","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Standard Chartered gives thumbs up to Egypt\u2019s economic reform program: Egypt will be the only oil-importing Middle East, North Africa, and Pakistan (MENAP) economy to see accelerating economic growth in the coming years, Standard Chartered has said in a report. The British bank predicts anaemic growth in other MENAP oil-importers,\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\/6\/1541.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575409,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/last-nights-talk-shows-imfs-gdp-growth-forecast-for-egypt-no-lockdown-plans\/","url_meta":{"origin":628409,"position":3},"title":"Last night\u2019s talk shows: IMF\u2019s GDP growth forecast for Egypt + no lockdown plans","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"The talking heads had plenty to mull yesterday thanks to an active news cycle, but no single story dominated the conversation. The IMF\u2019s upwards revision of its forecast for Egypt\u2019s GDP growth in the World Economic Outlook, which was released yesterday, earned airtime on Kelma Akhira (watch, runtime: 1:42) and\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575410,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/imf-warns-of-long-protracted-recovery-as-it-eases-global-recession-forecast\/","url_meta":{"origin":628409,"position":4},"title":"IMF warns of long, protracted recovery as it eases global recession forecast","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"IMF warns of long, slow recovery as it eases global recession forecast: The International Monetary Fund (IMF) now sees the world\u2019s GDP contracting at a 4.4% pace \u2014 an improvement from the 4.9% it projected in its June outlook \u2014 after economies coming out of lockdown showed improved trade, retail\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\/10\/143.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":628409,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628409","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=628409"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628409\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/628410"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628409"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628409"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}