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AfDB forecasts solid economic growth in Egypt

Egipto, Banco, pronóstico, crecimiento, economía

AfDB forecasts solid economic growth in Egypt

Cairo, Jul 28 (Prensa Latina) The African Development Bank (AfDB) on Thursday projected that Egypt's economy will grow by 5.7 percent in 2022 and 5.1 percent in 2023.
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In its African Economic Outlook Report, the AfDB highlighted that Egypt was one of the few African countries that showed a positive growth in 2020, when the global outbreak of Covid-19 occurred.

These data are similar to those the International Monetary Fund (IMF) released this week.

According to that entity, the Egyptian Gross Domestic Product (GDP) will grow by 5.9 percent in 2022.

This was announced by Petya Koeva Brooks, Deputy Director of the IMF’s Research Department, in response to a question from Al-Ahram newspaper.

According to official data, a third of visitors this nation received in 2021 came from Ukraine and Russia.

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