COVID-19: decrease in Egypt’s GDP
The Coronavirus outbreak has impacted Egypt’s growth resulting in a reduction of the current year's GDP, which was initially forecast at 5.6%, but has now been decreased to 5.1%.
The persistence of the health crisis could also jeopardize the objective of the fiscal year 2020/2021. Initially set at 4.5%, the GDP rate could then fall to 3.5%.
In addition, the strong demand for everyday consumer products would cause the inflation rate to significantly increase to 9.8% over the next fiscal year.
0
Your rating: None
Thu, 02/04/2020 - 07:54
The online magazine
Live coverage
14:09
12:14
11:54
10:05
03/28
Latest news