Egypt PM Lauds IMF Report on Economic PerformanceSource: www.export-egypt.com 10/15/2018, Location: Africa |
|
|
|
|
|
Egypt's Prime Minister Mostafa Madbouly has praised a report by the International Monetary Fund (IMF) on the economic performance in Egypt.
The report was positive and focused on the good economic performance in Egypt despite the crisis witnessed in emerging markets.
The IMF forecast for Egyptian economic growth remained unchanged, Egyptian cabinet spokesman Nader Saad said . The IMF believes the Egyptian economy will grow by 5.5 percent in 2019 thanks to a rebounding tourism sector and a trustworthy economic reform programme, Saad noted. The ambitious reform programme is implemented with the help of a five-year IMF credit facility worth $12 billion. The report expects the Egyptian economy to grow by 5.3 percent in 2018 before it reaches 5.5 percent next year. The average growth rate is likely to reach 6 percent until 2023 and unemployment could decline to 9.9 percent in 2019 down from 10.9 this year, according to the IMF report. It also pointed to an expected drop in inflation rates to about 14 percent in 2019 compared with 20.9 percent in 2018. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
