IMF expects Egypt to achieve growth rate 5.2% in 2021

egypt growth imf recovery percent
Egypt
  • Date: 01-Jul-2021
  • Source: Egypt Today
  • Sector: Economy
  • Country: Egypt
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IMF expects Egypt to achieve growth rate 5.2% in 2021

CAIRO - 30 June 2021:Head of the International Monetary Fund's mission to Egypt, Celine Alar, expected that the Egyptian economy will achieve a growth of 2.8 percent in 2020-2021, and that the recovery phase has already begun, with a stronger rise expected in the next fiscal year with growth rates of up to 5.2 percent. Alar stressed that the economic recovery in Egypt And the world is still tainted by a state of "uncertainty" due to the pandemic, saying: "For the fiscal year 20/21, we still expect a growth of 2.8 percent, and we see that the recovery has begun with expectations of a stronger revival in the next fiscal year, reaching growth to 5.2 percent, but the recovery remains tainted by a state of "uncertainty" due to the "pandemic" conditions, not only in Egypt, but throughout the world, so it will be important to pay attention to the weak point." The head of the International Monetary Fund's mission to Egypt, in a TV interview, praised the Egyptian government's handling of the Corona pandemic crisis, stressing that Egypt was able to manage the crisis well, following wise policies taken at the right time, saying: "I can say that the Egyptian

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