{"id":648991,"date":"2017-04-19T03:59:48","date_gmt":"2017-04-19T03:59:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/imf-sees-egypts-real-gdp-growth-reaching-3-5-in-2017\/"},"modified":"2017-04-19T03:59:48","modified_gmt":"2017-04-19T03:59:48","slug":"imf-sees-egypts-real-gdp-growth-reaching-3-5-in-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/imf-sees-egypts-real-gdp-growth-reaching-3-5-in-2017\/","title":{"rendered":"IMF sees Egypt\u2019s real GDP growth reaching 3.5% in 2017"},"content":{"rendered":"

<\/a> The International Monetary Fund is projecting Egypt\u2019s real GDP growth will <\/strong>reach 3.5% in 2017<\/strong>, and rise to 4.5% in 2018 <\/strong>according to the first chapter (pdf)<\/a> of the World Economic Outlook April 2017 report<\/a> which is out now. It attributes this rise to Egypt\u2019s comprehensive reforms. Bloomberg\u2019s Tarek El Tablawy<\/a> is noting that this represents a drop from its previous growth projection in 2017 of 4.0%, adding that the drop signals the toll the float of the EGP has had on the economy. The report also expects consumer price inflation to average 22% this year, and subsequently fall to 16.9% next year. Unemployment is also expected to drop next year to 11.8% from 12.6% in 2017. As we noted yesterday, the World Bank\u2019s Egypt Economic Outlook April 2017<\/a> report puts growth this year at 3.9% rising to 4.6% in 2018, and sees consumer inflation averaging 20.1% in 2017 and dropping to 14.2% in 2018.<\/p>\n

The World Economic Outlook anticipates global economic activity will pick up this year and <\/strong>the next, with growth for 2017 projected to jump to 3.5% in 2017<\/strong>, up from 3.1% in 2016 on the back of a long-awaited cyclical recovery in investment, manufacturing, and trade. Global growth is projected to marginally rise to 3.6% in 2018. However, the report sees that binding structural impediments such as low productivity growth and high income inequality will continue to hold back a stronger recovery, and the balance of risks remains tilted to the downside, especially over the medium term. These impediments are basically pushing advanced economies to adopt protectionist policies, warns the report. Chapters two<\/a> and three<\/a> of the report covers emerging markets<\/strong> and the downward trend in labor income shares.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund is projecting Egypt\u2019s real GDP growth will reach 3.5% in 2017, and rise to 4.5% in 2018 according to the first chapter (pdf) of the World Economic Outlook April 2017 report which is out now. It attributes this rise to Egypt\u2019s comprehensive reforms. Bloomberg\u2019s Tarek El Tablawy is noting that this […]<\/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-648991","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b8d93866-5402-4f90-ba25-e7d5817e9291","order":"0","is_powered_by":true,"section_story_id":"f281e5d1-d519-4bc7-829c-9b0b0b441931","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648981],"teaser":"","voice_url":""},"yoast_head":"\nIMF sees Egypt\u2019s real GDP growth reaching 3.5% in 2017 - 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\/2017\/04\/19\/imf-sees-egypts-real-gdp-growth-reaching-3-5-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF sees Egypt\u2019s real GDP growth reaching 3.5% in 2017\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund is projecting Egypt\u2019s real GDP growth will reach 3.5% in 2017, and rise to 4.5% in 2018 according to the first chapter (pdf) of the World Economic Outlook April 2017 report which is out now. 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The research firm forecasts GDP growth in 2019 to reach 5.3%, up from 4.3% in 2018 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":[]},{"id":646373,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/world-bank-says-egypts-economy-will-grow-at-a-5-3-clip-by-2019\/","url_meta":{"origin":648991,"position":1},"title":"World Bank says Egypt\u2019s economy will grow at a 5.3% clip by 2019","author":"enterpriseam admin","date":"13 June 2017","format":false,"excerpt":"Good news from the World Bank, which is projecting that Egypt\u2019s GDP will grow at a 5.3% clip in 2019. The institution made the forecast in its monthly Global Economic Prospects report for June (pdf). The bank estimated Egypt's GDP would grow 3.9% in FY2016-17, in line with government projections.\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":642770,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/egypts-gdp-expected-to-hit-5-by-the-end-of-fy2017-18\/","url_meta":{"origin":648991,"position":2},"title":"Egypt\u2019s GDP expected to hit 5% by the end of FY2017-18","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"GDP growth is expected to hit 5% by the end of the current fiscal year, up from 4.1% in FY2016-17, said Planning Minister Hala El Saeed, according to Reuters. The Finance Ministry had previously said it expects GDP growth during FY2017-18 to come in at no less than 4.6%. Egypt's\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":594914,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020\/","url_meta":{"origin":648991,"position":3},"title":"Egypt\u2019s tax revenues expected to account for 14% of GDP, investments to spur GDP growth in FY2019-2020","author":"enterpriseam admin","date":"11 September 2019","format":false,"excerpt":"FinMin sees tax revenues accounting for 14% of GDP, investments contributing bigger portion of GDP growth in FY2019-2020: The Finance Ministry expects Egypt\u2019s tax revenues in FY2019-2020 to comprise 14% of the country\u2019s GDP, with that figure projected to rise to 14.3% and 14.5% in the next two fiscal years,\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\/9\/190.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646541,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/gdp-up-4-2-in-first-three-quarters-of-the-year\/","url_meta":{"origin":648991,"position":4},"title":"GDP up 4.2% in first three quarters of the year","author":"enterpriseam admin","date":"18 June 2017","format":false,"excerpt":"Egypt\u2019s GDP grew by 4.2% y-o-y in the first three quarters of FY2016-17, Planning Minister Hala El Said said, according to Reuters. El Said said the growth was led by \u201cseveral industries, including communication, tourism and manufacturing,\u201d which saw year-on-year growth of 10.7%, 80%, and 7.9%, respectively, according to Al\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":650720,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/egypts-economic-reforms-to-lead-to-slow-but-steady-improvements-moodys\/","url_meta":{"origin":648991,"position":5},"title":"Egypt\u2019s economic reforms to lead to slow but steady improvements -Moody\u2019s","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"Moody\u2019s believes the pace of economic reforms in Egypt will continue to show gradual improvements but the recovery could be slower than expected, according to an emailed report. \"The implementation of the IMF program's targets, including reductions in fiscal deficits and government debt levels, as well as improvements in Egypt's\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\/648991","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=648991"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648991\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648981"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648991"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648991"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}