IMF downgrades forecast for Egypt’s real GDP to 4.4%

Arab Finance: The International Monetary Fund (IMF) has downgraded its forecast for Egypt’s real gross domestic product (GDP) for fiscal year (FY) 2022/2023 to 4.4%, according to the IMF’s World Economic Outlook report issued on October 11^th.

In its World Economic Outlook report issued on July 26^th, the IMF projected the country’s real GDP growth for FY 2022/2023 would reach 4.8%.

Moreover, the IMF’s projection for Egypt’s real GDP growth for FY 2026/2027 has been set at 5.9%, the report showed.