Cairo –   The World Bank expects Egypt to have the fastest growing economy in the MENA region during 2020 as the remaining countries will contract due to the repercussions of the coronavirus (COVID-19) pandemic.

“Continued structural programs in many economies [such as Egypt’s private sector development] are expected to encourage growth-enhancing structural reforms,” according to the World Bank’s June 2020 Global Economic Prospects report.

“But success is contingent upon a sustained commitment to reforms, including by newly formed governments.”

Egypt’s gross domestic product (GDP) is expected to grow by 3.0% in fiscal year 2019/2020 and 2.1% in FY20/21.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.