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Egypts GDP

Interest in Egypt’s treasury bills spike, foreign investments jump 140% in March compared to Feb.

Foreign investments in Egyptian treasury bills surged in March by around 140%, rising to $32.7 billion compared to $13.6 billion recorded in February, revealed new data from the Central Bank of Egypt (CBE)

World Bank affirms Egyptian growth forecast for FY2024/2025 at 4.2% amid increased investments

The report noted that private consumption in Egypt is estimated to climb as inflation continues its downward trend and increased remittances from abroad

FY24/25 state budget set at approx. EGP 5.5trn, FinMin reveals key details of budget

According to a statement by Finance Minister Mohamed Maait following the parliament's decision, the total budget for the upcoming fiscal year stands at approximately EGP 5.5 trillion, a significant increase from the current FY’s budget of about EGP 3.4 trillion

StanChart’s Carla Slim on Egypt’s economic recovery, possible GCC large-ticket investments, and inflation

“We think that it will take 2 years to get back to the levels of about 4.5%... instead of the government spending that we were used to, [this will be driven by] private investments, specifically for renewable projects,” Slim explained

IMF expects Egypt to grow by 4.4% in FY2024/2025 | MPEDMin

El Said underscored the IMF’s forecast for Egypt’s growth in FY2024/2025, reported at 4.4%, noting that it was higher than the country’s own estimate of 4.2%