Egypt’s economy to see a growth of 6.2% in FY 2021/2022

Posted on August 29, 2022   |  

• Egypt's growth domestic product (GDP) is likely to see a growth of 6.2% in FY 2021/2022 and 5% in FY 2022/2023.
• In 2022, inflation in Egypt is expected to reach 8.5% but will decline to 7.2% in 2023.
• Inflation will be influenced by the monetary policy and interest rates of the Central Bank of Egypt (CBE), the unstable global supply chains, and the high energy and food prices.