Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Economy 🏙 » IMF Lowers Forecasts for Global GDP Growth; Raises Egypt’s🏛

IMF Lowers Forecasts for Global GDP Growth; Raises Egypt’s🏛

by Shams Abbas
January 25, 2022

The International Monetary Fund (IMF) has released its biannual World Economic Outlook (WEO) report, where it has lowered its expectations for global economic growth but raised its expectations for Egypt’s economic growth.

What is the WEO👀 The WEO provides economic analysis & forecasts of its member countries, & highlights risks that could threaten growth.

More Details🧐 The IMF expects global economic growth to decrease to 4.4% in FY 2022, down 0.5% from the October 2021 revision, due to lower expectations of GDP growth for the biggest two economies in the world, the U.S. & China.

The IMF attributed the pressure on global economies to five factors: rising energy prices, supply chain crisis, inflation, global debt crisis, & potential COVID variants.

On the other hand, the IMF raised its forecast for Egypt’s economic growth rate by 0.4% for FY 2022 to 5.6%, while expected economic growth for the MENA region increased by 0.3% to 4.4% in FY 2022.

Why is this Important🤔 The World Bank had also raised its expectations for Egypt’s economic growth in FY 2022 from 5.0% to 5.5%, & Minister of Planning & Economic Development Dr. Hala El Saeed expects a 5.5-5.7% growth in Egypt’s economy this fiscal year.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Economy 🏙

Egypt’s Purchasing Manager’s Index declines in January 2023

by Shams Abbas
February 5, 2023
Economy 🏙

CBE leaves interest rates unchanged

by Shams Abbas
February 5, 2023
Economy 🏙

Net foreign assets rise in December 2022

by Shams Abbas
February 1, 2023
Highest inflation level in 5 years
Economy 🏙

Transmash plans to invest $500 million in Egypt

by Shams Abbas
February 1, 2023
Economy 🏙

Updates on stuck imports & state-privatization program

by Shams Abbas
January 30, 2023
Despite rising revenues, CIRA’s profits decline
Economy 🏙

Egypt’s external debt declines in Q3-2022

by Shams Abbas
January 30, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)