The International Monetary Fund raised its forecast for the growth of the Egyptian economy by 0.4% questyear reaching 5.6%.
The Fund also set the economic growth forecast for next year at 5.6%.
This came just days after the World Bank raised its forecast for Egyptian GDP growth by half a percentage point to 5.5% in the fiscal year. in course 2022/2021, compared to the previous forecast of 5% in October, according to the World Economic Outlook report.
This comes against the backdrop of increased exports, growth in gas and information technology, and a recovery in the tourism sector, according to the report.
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