IMF raises Egypt’s growth forecast to 4.7% in FY2025/26, 5.4% in FY2026/27

The International Monetary Fund (IMF) has on Monday raised its forecast for Egypt’s economic growth in the current fiscal year to 4.7 per cent, citing a rebound in tourism, higher Suez Canal revenues, and expanding manufacturing.

According to its latest World Economic Outlook Report, the Egyptian economic growth is expected to accelerate further to 5.4 per cent in 2026/2027, marking an upward revision of 0.2 percentage points for 2025/2026 and 0.7 percentage points for 2026/2027 from its previous estimates released in October 2025.

In the first quarter of the current fiscal year, the country recorded its fastest growth in three and a half years at 5.3 per cent, fueled by higher revenues from the Suez Canal, a tourism rebound, and rising manufacturing output.

The IMF highlighted that ongoing economic reforms and investments in key sectors are supporting the recovery and underpinning long-term growth, reinforcing confidence in the country’s fiscal and structural trajectory.

Attribution: Amwal Al Ghad English