Latest in Tag: GDP Highlight
Latest in Tag: GDP
Competitive neutrality is critical necessity to encourage investment, innovation, says Momtaz
Maait said: “We will continue our efforts to put the debt-to-GDP ratio on a downward path, reduce its burdens, and develop public financial management, by pursuing more flexible fiscal policies that are able to deal positively with internal and external shocks, and achieve economic and development goals.”
Overnight deposit rate is projected to reach 11.9%, 11.5% in CY 2022, 2023, respectively
Industrial production recorded EGP 982bn in 2021
Chamber of Food Industries recommends financing factories to comply with requirements for food safety
Inflation jumped to near three-year high of 10.5% in March
After contracting by 3.2% in 2020, real GDP in the MENA region is projected to expand by 4.1% in both 2021 and 2022, upward revisions of 0.1 and 0.4 percentage points since April, respectively, the fund projected.
Egypt’s real estate investment and urban development account for 16% of GDP
Egypt remains foremost African recipient of Foreign Direct Investment in 2020, says UNCTAD
COVID-19 caused losses of about $140bn for Arab region in 2020, says UN commission
Central Bank of Egypt new inflation target has been set at 7% (±2%) on average in the fourth quarter of 2022
Hisham Talaat Moustafa said that talks over launching a mortgage finance initiative for under-development units are very good, but outlook must be broader
“The growth could be coming from many promising sectors which we are focusing on, the foremost of which is the construction sector, which I believe is still giving us good outcome,” Maait said.
Egypt’s GDP is projected to expand 2.6% in fiscal year (FY) 2020/21, and 5.1% in FY 2021/22, Focus Economics has revealed.
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
Allocations for education sector have been increased to 6% of GDP, says Finance Minister
Country’s tax system is witnessing “development revolution” under President Al-Sisi, says Maait
IMF downgrades expectations for Egypt’s FY 2020/21 financing needs to $42bn, up from $35.8bn pre-COVID-19 forecast in same period
Inflation expected to jump to about 8% on average in FY 2020/2021, from 5.8% y-o-y in FY 2019/20, says IMF
Unemployment rate to drop to 9.7% in FY 2021, down from 10.2% in FY 2020
Earlier figures showed that UK GDP plunged by 20.4 percent in April compared with the previous month, hitting the biggest monthly fall since 1997
State’s total investment to grow 5.3% in FY 2020/21, 9.7% in FY 2021/22, economic analysis provider expects
Real economic growth would hit 5% during Q3 of FY 2019/2020, says El-Said
Inflation to average 6.1% in CY 2020, 7.3% in CY 2021, report expects
Earlier, the minister revealed that two scenarios have been put in place that project what may happen as a result of the virus pandemic.
The report estimates that GDP growth in developed economies is expected to plunge to minus 5% in 2020 due to COVID-19 pandemic
Ministers of Planning, Immigration hold videoconference discuss investments with Egyptian businesspeople abroad
Decline due to coronavirus outbreak, lower-than-expected commodity prices, says report
Institute projects economic contraction in emerging markets this year, with global GDP growth of -2.8%
Interest rates to be cut by 200 bp by year end, to continue to drive down borrowing costs for local firms