Egypt Export Marketplace for products & services  •   Log in | Sign up  

Export Egypt Home
made in Egypt Egypt products
  Home  |  Products  |  Business Center  |  News   |  Events   |  My Account Follow us on Facebook
Products and vendors Services and providers Oil & Gas Software and publications

Egypt's Economic Growth to Reach 5.23% in 2018
Source: 10/9/2018

The International Monetary Fund (IMF) said that Egypt’s economy is projected to grow 5.3 percent in 2018 and around 5.5 percent in 2019, according to a report issued .

Growth outlook in the North African nation has improved, compared to October 2017 estimates, said the report that was issued on the sidelines of the annual meetings of the IMF and the World Bank (WB).

The IMF said that economic growth is forecast to reach 6 percent in 2019-2023, the IMF highlighted.

The IMF attributed the growth recovery in Egypt to the increase in natural gas production, the rebound in the tourism sector and the government's application of economic reform program, the report said.

The current account deficit is likely to decline to 2.6 percent of gross domestic product (GDP) from 6.3 percent of GDP in 2017, the IMF said.

It pointed out that the current account deficit would narrow further to 2.4 percent in 2019 and 1.2 percent in 2023.

The meetings are attended by Finance Minister Mohamed Maait and International Cooperation Minister Sahar Nasr.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

Export Egypt - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us