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Egypts Ranking

Egypt’s PMI for November records fastest contraction rate since 2020, falls to 45.4

Private non-oil businesses are looking ahead a little bit more optimistically following a series-record low in October’s PMI survey

Fitch revises Egypt’s real GDP growth forecast to 6.62%

This makes it the fifth-consecutive month that Fitch has raised its expectations for Egypt’s real GDP growth this year

Fitch revises outlook for Egyptian economy to negative, keeps credit rating at B+

A negative outlook means the possibility of a credit rating downgrade

S&P affirms Egypt’s B rating with stable outlook

S&P also noted that Egypt could see close to $10 billion in foreign direct investment during the current fiscal year, up from $8.9 billion last year

Fitch ups Egypt’s real GDP forecast for 4th consecutive month to 6.59%

In its MENA economic outlook update, Fitch noted that it will keep its expectations for the country’s inflation rate at 13.2%