Egypt’s economy is on track to grow by 4.0% by June 2025, as it begins to emerge from austerity measures tied to an International Monetary Fund (IMF) program, according to a recent survey of economists conducted by Reuters.
The poll, held from October 9 to 23, anticipates that GDP growth will gain momentum, reaching 4.7% in the fiscal year 2025/26 and further increasing to 5.3% by 2026/27. The current fiscal year, 2023/24, has seen GDP growth drop to 2.4%, down from 3.8% the previous year.
Contributing factors include a currency crisis and the ongoing conflict in neighboring Gaza, which have adversely impacted tourism and Suez Canal revenues.
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