Egypt Daily News – The International Monetary Fund (IMF) has raised its forecast for Egypt’s economic growth to 3.8% for the current fiscal year ending in June 2025, up from a previous estimate of 3.6%, according to the World Economic Outlook report.
Egypt’s economy had contracted by 2.4% in the previous fiscal year due to a foreign currency shortage crisis and the impact of rising tensions in the Red Sea region on Suez Canal revenues.
However, Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, had earlier projected Egypt’s economic growth rate to rise to 4% during the current fiscal year.
Next Fiscal Year
The IMF also raised its forecast for Egypt’s GDP growth for the next fiscal year to 4.3%, up from a previous estimate of 4.1%, as stated in the World Economic Outlook report.
Dr. Rania Al-Mashat has projected an even higher growth rate of 4.5% for the 2025–2026 fiscal year, despite challenges stemming from global protectionist trade policies.
