The IMF sees Egyptian economy maintaining 2 percent growth through 2021
IMF puts Egypt among world's top 30 economies – IMF
The IMF now sees the Egyptian economy maintaining 2 percent growth through to the end of 2021, scaling back its earlier projection that Egypt’s economy would grow 2 percent in 2020 and 2.8 percent in 2021.
The International Monetary Fund (IMF) expects the Egyptian economy to be among the top 30 economies worldwide that represent 83 percentof the world’s gross domestic product (GDP),
Of the MENA countries surveyed by the IMF, Egypt will be the only economy to maintain growth this year. Saudi Arabia is now expected to contract by a whopping 6.8 percent this year (a 4.5 percent downgrade from April) and Turkey’s economy will shrink 5 percent .
IMF chief economist Gita Gopinath was at pains to convey the level of continued uncertainty surrounding the trajectory of the global economy. “A high degree of uncertainty surrounds this forecast, with both upside and downside risks to the outlook,” she wrote, noting the potential for both a vaccine and a second outbreak to seriously change the dynamics of the economy.
