Cairo – Mubasher: Egypt’s gross domestic product (GDP) growth is expected to near 5.3% through 2019 and 2020, the Arab Monetary Fund (AMF) said in a report on Wednesday.
Egypt’s state budget deficit is likely to ease this year to 7.51% and to 6.9% in the year after, according to the report.
The North African nation’s trade balance is forecast to account for around 10.4% of GDP in 2019, which is likely to contract to 9.4% by 2020, the report highlighted.
In September, the AMF expected Egypt’s economic growth to rise by nearly 5.5% in 2019.
Earlier this day, the Central Agency for Public Mobilization and Statistics (CAPMAS) posted that the consumer price index (CPI) in Egypt edged up 0.9% month-on-month in March, recording 307 points.
