The AfDB projects Egypt’s average inflation rate at 14% for the next fiscal year (FY2023/2024), down from 20%, citing “high food and nonfood prices and the devaluation of the Egyptian pound against the US dollar"
According to Shoukry, the chamber suggested 10 new measures to support the real estate sector’s growth and boost sales
For the current fiscal year 2022/2023, the report anticipates Egypt's real GDP growth to be at 4% and expects it to rebound to 4.8% in the following fiscal year 2023/2024
According to the April 6-26 Reuters poll of 13 economists, median forecasts for FY2022/2023 were a growth rate of 4%, 4.5% for FY2023/2024, and 5% for FY 2024/2025
The ratings agency did note that it could improve Egypt's credit rating in the coming period if the country is able to meet its demand for foreign currency financing
