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Egypt’s economic growth is expected to rise to 4.0% by the end of June 2025 as austerity measures linked to an International Monetary Fund (IMF) programme take effect, according to a Reuters poll released on Thursday.
The median forecast from the Reuters poll, conducted from October 9 to 23 and involving 13 economists, predicts that gross domestic product (GDP) growth will further accelerate to 4.7% in 2025/26 and reach 5.3% by 2026/27.
As reported by central bank figures, GDP growth fell to 2.4% in the 2023/24 period, down from 3.8% the previous year. This decline was attributed to a currency crisis and the ongoing conflict in neighbouring Gaza, which has impacted Suez Canal revenues and hindered tourism.
In February, Egypt transferred rights to develop real estate along its Mediterranean coast to the UAE sovereign fund ADQ for $24 billion, setting the stage for an $8 billion financial reform package agreement with the International Monetary Fund in March.
“Economic prospects in Egypt are improving, but at a gradual pace,” stated James Swanston at Capital Economics, noting that fiscal policy will remain stringent to reduce the budget deficit and lower the debt-to-GDP ratio.
