She emphasized the continuation of the partnership between the Fund and the government to make the Egyptian economy more dynamic and able to withstand shocks. “Egypt had taken good steps to support the economy during the coronavirus crisis,” Georgieva, noted. In January, IMF raised its forecast for the Egyptian economy for 2020/2021 to 2.8 percent, from 2 percent in its forecast in June 2020. According to the report, the growth of the Egyptian economy in 2024/25 is expected to reach 5.8 percent, after recording 5.6 percent in 2023/24. Egypt was one of the few countries that recorded growth during 2020, and the report estimated the growth of the Egyptian economy in 2020 by 1.5 percent.

Source: Egypt Today February 14, 2021 12:33 UTC