Egypt’s economy to grow 5% in 2021-22 as rebound continues

 Egypt’s economy to grow 5% in 2021-22 as rebound continues

A general view of buildings by the Nile River in Cairo, Egypt January 28, 2021. REUTERS/Mohamed Abd El Ghany

  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EGGDPAP GDP poll data
  • reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EGCPIAP CPI poll data

CAIRO, July 26 (Reuters) – Egypt’s economy will grow 5.0% in the fiscal year that ends in June next year, a Reuters survey predicted on Monday, unchanged from analysts’ expectations in a similar poll three months ago and slightly below the government’s target of 5.4%.

Gross domestic product (GDP) of the Arab world’s most populous country was seen growing 5.5% in the fiscal year ending on June 30, 2023, the July 5-26 poll showed.

The government has said it expected the economy grew 2.8% in the 2020/2021 fiscal year despite the huge disruption across the global economy, retaining its place as one of the few emerging markets to achieve GDP growth…

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