Cairo – Mubasher: The Economist expects Egypt’s gross domestic product (GDP) growth to accelerate in the coming period despite the negative outlook for the world’s economy, according to data released by the Egyptian cabinet on Thursday.
The London-based newspaper forecasts US and China to witness lower GDP growth due to the trade war between the world’s two largest economies.
It is noteworthy that Moody’s Investors Service projects Egypt’s real GDP growth to reach 5.8% in 2020 on the back of falling interest rates.
The Egyptian government targets a 6% GDP growth for fiscal year 2019/2020.
