CBE: Egypt’s real GDP grows 2.4% in 9 months

By Yomna Yasser On Oct 2, 2024

Egypt weather — Cairo Nile , Photo Credit: Ahmed Helal /Egypt Time Travel

Egypt’s real gross domestic product (GDP) grew 2.4 per cent during the period from July 2023 to March 2024, compared to 4.1 per cent in corresponding period last year, a central bank report showed on Wednesday.

According to the Central Bank of Egypt’s (CBE) Financial Stability March 2024, the slowdown in Egypt’s real GDP was driven by the ongoing global challenges, including escalating regional geopolitical tensions, high inflation, and elevated interest rates.

Attribution: CBE’s Financial Stability Report – March 2024

Central Bank of Egypt (CBE)Egypt's central bank Egypt's economy Egypt’s real GDP