The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.2% during fiscal year (FY) 2021/2022, compared to a projected growth rate of 2.8% in FY20/21.
As for FY22/23, the country’s real gross domestic product (GDP) growth is projected to accelerate to 5.6%, according to a report by the IMF.
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The average inflation rate is seen at 6.6% in FY21/22 and 6.8% in FY22/23.
Foreign direct investment (FDI) is forecast to rise to $8.6 billion in FY21/22, $11.7 billion in FY22/23, $14.9 billion in FY23/24, and $16.5 billion in FY24/25.
