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Thndr Claps » EGY Claps » Economy 🏙 » Hala El Saeed Raises Expectations for Economic Growth📈

Hala El Saeed Raises Expectations for Economic Growth📈

by Shams Abbas
January 31, 2022

Minister of Planning & Economic Development Dr. Hala El Saeed has raised economic growth rate expectations for the current fiscal year from 5.6% to 6%.

More Details🧐 El Saeed said economic growth figures for the current quarter are better than expected, & they will be released mid-February.

Why is this Important🤔 Both the IMF & World Bank recently raised their forecasts for Egypt’s economic growth.

The IMF raised its expectations from 5.2% to 5.6%, while the World Bank raised it from 5.0% to 5.5%.

Although expected growth rates vary slightly between the three sources, they all raised their expectations.

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