Egypt’s Growth Outlook Improves, Says World Bank ...Egypt

Egypt’s economy is expected to stage a gradual recovery over the next two years, coupled with easing monetary policy, a rebound in industrial activity, and major investment deals, according to the World Bank’s Global Economic Prospects report released on June 11. The report projects real GDP growth of 4.2 percent in the 2025/2026 fiscal year, rising modestly to 4.6 percent in 2026/2027. A more accommodative monetary policy, namely, interest rate cuts aimed at supporting the private sector, coupled with a gradual revival in the industrial sector, is expected to play a significant role in Egypt’s economic recovery. According to the World Bank, the Ras El Hekma development agreement signed with the United Arab Emirates is pivotal to driving the growth. Helped by falling global oil and gas prices, stable remittance inflows, and continued strength in the tourism sector, Egypt’s current account deficit is projected to narrow in the 2025/2026 fiscal year. In parallel, the non-oil trade gap is expected to decline as the impact of import backlog clearance from the previous year gradually fades. The World Bank warns that the situation could worsen if tariffs rise more than anticipated or…

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