Tuesday, September 27, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

IMF forecasts Egypt’s economic growth of 5.9% in 2022

IMF forecasts Egypt’s economic growth of 5.9% in 2022

Cairo, Jul 27 (Prensa Latina) The International Monetary Fund (IMF) today maintained its projections for Egypt's economic growth for 2022 at 5.9 percent, according to the institution's Research Department deputy director Petya Koeva.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

The IMF, though, revised downward its estimates for Gross Domestic Product (GDP) growth in 2023 to 4.8 percent due to the repercussions of the conflict in Ukraine, which affected Egypt’s tourism sector, Koeva was quoted as saying by the Al Ahram daily.

According to official data, one third of the nation’s visitors last year came from Ukraine and Russia.

Last April, the IMF raised its projections for Egyptian GDP growth this year by 0.3 percent to 5.9 percent.

On inflation, the IMF estimates an increase in prices to 8.7 percent in 2022 and 14 percent in 2023.

According to the latest figures announced by the Central Statistics and Public Mobilization Agency, the country’s inflation slowed to 13.2 percent in June from 13.5 percent in May, its first drop in seven months.

mh/oda/rob

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.