IMF Expects 10.3% Growth for Inflation in Egypt

International Monetary Fund expected a global economic growth of 3% in 2013 to 3.7% in 2014, rising to 3.9% in 2015; these expectations are 0.1% over the previous forecast issued by the IMF in October 2013.

The IMF mentioned that it expected Egypt to achieve a growth rate of 2.8% this year, in 2014 compared with 1.8% last year, and the inflation rates are expected to rise from 6.9% last year to 10.3% this year, while the unemployment rate will decrease slightly from 13% to 12.8%.