Latest in Tag: GDP Highlight
Latest in Tag: GDP
Egypt’s real estate investment and urban development account for 16% of GDP
Egypt remains foremost African recipient of Foreign Direct Investment in 2020, says UNCTAD
COVID-19 caused losses of about $140bn for Arab region in 2020, says UN commission
Central Bank of Egypt new inflation target has been set at 7% (±2%) on average in the fourth quarter of 2022
Hisham Talaat Moustafa said that talks over launching a mortgage finance initiative for under-development units are very good, but outlook must be broader
“The growth could be coming from many promising sectors which we are focusing on, the foremost of which is the construction sector, which I believe is still giving us good outcome,” Maait said.
Egypt’s GDP is projected to expand 2.6% in fiscal year (FY) 2020/21, and 5.1% in FY 2021/22, Focus Economics has revealed.
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
Allocations for education sector have been increased to 6% of GDP, says Finance Minister
Country’s tax system is witnessing “development revolution” under President Al-Sisi, says Maait
IMF downgrades expectations for Egypt’s FY 2020/21 financing needs to $42bn, up from $35.8bn pre-COVID-19 forecast in same period
Inflation expected to jump to about 8% on average in FY 2020/2021, from 5.8% y-o-y in FY 2019/20, says IMF
Unemployment rate to drop to 9.7% in FY 2021, down from 10.2% in FY 2020
Earlier figures showed that UK GDP plunged by 20.4 percent in April compared with the previous month, hitting the biggest monthly fall since 1997
State’s total investment to grow 5.3% in FY 2020/21, 9.7% in FY 2021/22, economic analysis provider expects
Real economic growth would hit 5% during Q3 of FY 2019/2020, says El-Said
Inflation to average 6.1% in CY 2020, 7.3% in CY 2021, report expects
Earlier, the minister revealed that two scenarios have been put in place that project what may happen as a result of the virus pandemic.
The report estimates that GDP growth in developed economies is expected to plunge to minus 5% in 2020 due to COVID-19 pandemic
Ministers of Planning, Immigration hold videoconference discuss investments with Egyptian businesspeople abroad
Decline due to coronavirus outbreak, lower-than-expected commodity prices, says report
Institute projects economic contraction in emerging markets this year, with global GDP growth of -2.8%
Interest rates to be cut by 200 bp by year end, to continue to drive down borrowing costs for local firms
Egypt achieved a primary surplus of 2% of GDP in FY18/19 compared to deficit of 3.5% in FY15/16
Lending to regain its pull as primary utilization shelters on lower interest rates and new tax law amendments on government securities; remains demand driven
Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
The initiative will benefit about 96,000 factories that meet the conditions for the initiative: says deputy governor of the CBE
Overnight deposit rate to record 10.13% in 2020, and 9.58% in 2021
HSBC Economics Team remain positive on its view on the economic outlook for Egypt
State’s household debt to GDP remains unchanged at 7.1% in 2Q of 2019, says report