Egypt’s Economic Growth Forecast Increased to 4.4% on Gulf Investments

Fitch Solutions has revised its growth forecast for Egypt’s economy upwards to 4.4 percent for the current financial year, up from the previous projection of 4.2 percent. This increase is attributed to a surge in Gulf investments in the country.

The Egyptian government’s privatization plan is noted as a significant driver of Gulf investments, which are expected to continue growing in the near future. Despite this positive outlook, the report also acknowledges challenges, including persistently high inflation rates and their impact on consumption, which may continue to hinder overall economic growth.



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