Tag: Egypt

Egypt entered January under intense balance-of-payment pressure, carrying the weight of mounting financial strains from the previous year. High inflation, tight credit conditions and a shift towards cutting back on spending threatened to constrain economic growth in 2025. At the mid-year mark, Egypt’s economy is gaining momentum, fueled by robust gross domestic product (GDP) growth, a surge in private investment and a thriving tourism sector.

At the start of 2025, Egypt faces intense balance-of-payment pressures from the past year.

Egypt’s economic growth is set to be slower than expected this year after an $8 billion agreement was signed with the IMF in March, according to a Reuters poll of 17 economists. Gross domestic product (GDP) is now forecasted to grow 4%—down from a previous 4.35%.