Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics

Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics

Business Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics. Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics. Inflation to average 6.1% in CY 2020, 7.3% in CY 2021, report expects. Comments Off on Egypt to see GDP expand 2.5% in FY2020, 3.7% in FY2021: FocusEconomics. On 2 April, the CBE left the overnight deposit rate at 9.25% following an emergency rate cut on 16 March in response to rising economic headwinds caused by the coronavirus crisis.. The report said that interest rates remain low going forward as the CBE aims to support economic growth and inflation, projecting the overnight deposit rate to end CY 2020 at 8.88%, and CY 2021 at 8.70%..