Wednesday 30 Oct
The International Monetary Fund (IMF) has projected an improvement in Egypt's economic indicators. Pierre-Olivier Gourinchas, the IMF's Economic Counsellor and Director of Research, stated that Egypt's real GDP is expected to grow to 4.1% in 2025, after recording 2.7% in 2024. Additionally, the inflation rate is projected to decline to 21.2% in 2025, compared to 33.3% in 2024.
On a global level, the IMF has
warned that escalating regional conflicts, especially in the Middle East, pose
significant risks to commodity markets.
The Fund has forecast that
headline inflation will decrease to 3.5% by the end of next year, after peaking
at 9.4% in the third quarter of 2022.
Regarding the Middle East and Central Asia region, economic forecasts indicate divergent growth among countries in the region. Real GDP is expected to increase from 2.1% in 2023 to 2.4% in 2024 and 3.9% in 2025.
