Egypt to be only country with positive economic growth in MENA at 2% in 2020:IMF – Egypttoday

Egypt to be only country with positive economic growth in MENA at 2% in 2020:IMF – Egypttoday

CAIRO - 15 April 2020: International Monetary Fund (IMF) expected Egypt to record a growth rate of 2 percent during 2020, to be the only country that to achieve positive economic growth during the current fiscal year in the Middle East and North Africa (MENA).. During 2021, Egypt would record real gross domestic product (GDP) of 2.8 percent, according to the report.. According to the fund's data, the entire MENA region will achieve an economic contraction of 3.3 percent during 2020.. The World Economic Outlook report had expected a sharp contraction of global economic growth of 3 percent this year due to the spread of the Corona virus.. IMF rejects Venezuela request for billions in virus aid. General Attorney launches investigation into Cairo's terrorist plot.