Money and business

The World Bank expects the Egyptian economy to grow by 4.8 percent in 2026/2027

Cairo, January 14, 2017 – The World Bank expects that the Egyptian economy will witness an improvement in growth rates during the coming period, driven by strong exports and a recovery in economic activity.

The World Bank stated in a report announced by the Egyptian Council of Ministers today that the growth rate is expected to reach 4.3 percent during the fiscal year 2025/2026, to rise to 4.8 percent in the fiscal year 2026/2027, in light of the improving macroeconomic environment.

He explained that this improvement comes supported by the strengthening of private demand as a result of easing import restrictions and restrictions on foreign exchange, which reflects positively on the pace of economic activity and increases the contribution of net exports in supporting growth.

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