Fitch Solutions: Egypt’s GDP growth likely to reach 5.7% in FY20

Fitch Solutions expected that Egypt’s real GDP growth to remain strong in the near term, at 5.7 percent in the financial year 2019/2020, which ends June 30.

In its report, it said that the government investment will likely remain a key driver of activity, although private sector investment is also likely to pick up to some extent as monetary policy eases.

Lower inflation and easing financial policy will also help boost consumer demand, the report added.

Source: MENA