{"id":628673,"date":"2018-05-10T04:21:23","date_gmt":"2018-05-10T04:21:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/ebrd-ups-forecast-for-egypt-economic-growth-in-fy2017-18-by-0-8-bps-5-3\/"},"modified":"2018-05-10T04:21:23","modified_gmt":"2018-05-10T04:21:23","slug":"ebrd-ups-forecast-for-egypt-economic-growth-in-fy2017-18-by-0-8-bps-5-3","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/10\/ebrd-ups-forecast-for-egypt-economic-growth-in-fy2017-18-by-0-8-bps-5-3\/","title":{"rendered":"EBRD ups forecast for Egypt economic growth in FY2017-18 by 0.8 bps 5.3%"},"content":{"rendered":"

<\/a> EBRD ups forecast for Egypt economic growth in FY2017-18 by to 5.3%:<\/strong> The European Bank for Reconstruction and Development (EBRD) expects Egypt\u2019s economy to grow by 5.3% in FY2017-18, up 0.8 bps from a previous estimate of 4.5%. Economic growth is expected to accelerate further in FY2018-19 to 5.5%, \u201csupported by the continued boost in confidence, recovery in tourism, increase in foreign direct investment, improved competitiveness, continued strengthening of exports, the start of natural gas production from the Zohr field, the implementation of business environment reforms and prudent macroeconomic policies,\u201d the EBRD said in its updated Regional Prospects Report for 2018 (pdf)<\/a>.<\/p>\n

There are risks that threaten to change the current outlook. <\/strong>Among those are increases to global oil prices, a slowdown in the pace of reforms, a rise in inflation levels as the state moves to cut subsidies further in July, in addition to geopolitical and security concerns. The report says, however, that \u201cauthorities\u2019 strong commitment and ownership of the economic reform programme\u201d is helping to mitigate the risk.<\/p>\n

Predictions for growth in Egypt led the EBRD to revise its estimates for the wider SEMED region. <\/strong>The EBRD sees average GDP for the region growing by 4.4% this year, up from an estimated 4.0% in the November 2017 edition of the report<\/a>, \u201cowing to a stronger performance in the first half of the fiscal year in Egypt and positive developments in the rest of the region.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EBRD ups forecast for Egypt economic growth in FY2017-18 by to 5.3%: The European Bank for Reconstruction and Development (EBRD) expects Egypt\u2019s economy to grow by 5.3% in FY2017-18, up 0.8 bps from a previous estimate of 4.5%. Economic growth is expected to accelerate further in FY2018-19 to 5.5%, \u201csupported by the continued boost in […]<\/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-628673","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"38336007-ebce-4053-91bc-e4cc9c635b2e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628667],"teaser":"","voice_url":""},"yoast_head":"\nEBRD ups forecast for Egypt economic growth in FY2017-18 by 0.8 bps 5.3% - 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\/10\/ebrd-ups-forecast-for-egypt-economic-growth-in-fy2017-18-by-0-8-bps-5-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD ups forecast for Egypt economic growth in FY2017-18 by 0.8 bps 5.3%\" \/>\n<meta property=\"og:description\" content=\"EBRD ups forecast for Egypt economic growth in FY2017-18 by to 5.3%: The European Bank for Reconstruction and Development (EBRD) expects Egypt\u2019s economy to grow by 5.3% in FY2017-18, up 0.8 bps from a previous estimate of 4.5%. 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For the EBRD\u2019s southern and eastern Mediterranean (SEMED) region, the report expects an overall growth of 3.8% in 2017 and 4% in 2018,\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":621222,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/04\/ebrd-sees-egypt-economy-improving-on-zohr-rising-fdi-strengthening-exports-improved-competitiveness\/","url_meta":{"origin":628673,"position":1},"title":"EBRD sees Egypt economy improving on Zohr, rising FDI, strengthening exports, improved competitiveness","author":"enterpriseam admin","date":"4 November 2018","format":false,"excerpt":"EBRD sees Egypt economy improving on Zohr, rising FDI, strengthening exports, improved competitiveness: The European Bank for Reconstruction and Development (EBRD) is projecting that Egypt\u2019s GDP growth will reach 5.5% in FY2018-19, up from 5.3% in FY2017-18, according to the November 2018 update to its Regional Economic Prospects Report (pdf).\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":592835,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/ebrd-sees-strong-growth-for-egypt-despite-regional-headwinds\/","url_meta":{"origin":628673,"position":2},"title":"EBRD sees strong growth for Egypt despite regional headwinds","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"EBRD sees strong growth for Egypt despite regional headwinds: The European Bank for Reconstruction and Development (EBRD) expects Egypt\u2019s economy to grow at a 5.9% clip in FY2019-2020, bucking a weak growth trend in the southern and eastern Mediterranean region. 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":627241,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/26\/preliminary-figures-show-egypts-gdp-growth-rose-to-5-3-in-fy2017-18\/","url_meta":{"origin":628673,"position":3},"title":"Preliminary figures show Egypt\u2019s GDP growth rose to 5.3% in FY2017-18","author":"enterpriseam admin","date":"26 July 2018","format":false,"excerpt":"Preliminary gov\u2019t figures show Egypt\u2019s GDP growth rose to 5.3% in FY2017-18: Egypt\u2019s GDP grew to 5.3% in FY2017-18, its highest rate in a decade, according to preliminary figures that Planning Minister Hala El Saeed announced yesterday during the Madbouly Cabinet\u2019s weekly meeting. 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This is an upwards revision of 0.4 percentage points from the bank\u2019s June\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\/11\/345.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\/628673","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=628673"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/628673\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/628667"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=628673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=628673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=628673"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=628673"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=628673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}