Cairo – Mubasher: Egypt is projected to record an average economic growth rate of 4% between 2020 and 2024, Ahram online reported, citing Fitch Solutions’ monthly MENA outlook.
This would make the country at the top of the MENA region in terms of the highest real gross domestic product (GDP) growth rates over the next four years, the research firm said.
The most populous Arab nation is forecast to achieve economic growth of 3.3% in fiscal year 2020/2021 from 3.5% a year earlier, making it the only country in the MENA region to achieve positive growth.
In addition, the country’s inflation is projected to register 5.9% and the Central Bank of Egypt (CBE) is expected to hold key interest rates until the end of 2020.
