Poll: Egypt Growth to be Marginally Shy of IMF, Govt. Forecasts

published:19/10/2017 09:53 GMT

Egypt’s economy will grow 4.4% in the fiscal year that began in July, well below government projections of 5.0%-5.25%, a Reuters poll showed on Tuesday. The figure is also below the 4.5% prediction from the International Monetary Fund which agreed a US$12 billion deal with Egypt in November last year in a bid to help the north African country revive its economy. Egypt’s economic growth has slowed since the 2011 uprising scared off tourists and foreign investors. But since the IMF agreement,...More