ESCWA, Standard Chartered Bank speculate rebound for Egypt’s economic growth in 2021

ESCWA, Standard Chartered Bank speculate rebound for Egypt’s economic growth in 2021

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CAIRO - 21 January 2021: The Ministry of Planning and Economic Development reviewed some international reports on the economic situation in Egypt and the Arab region.

 

The reports include a survey on economic and social developments in the Arab region in 2019 and 2020 by the United Nations Economic and Social Commission for Western Asia (ESCWA), as well as expectations of the British Standard Chartered Bank.

 

Dr. Hala El-Said, Minister of Planning and Economic Development, stated that international reports praise the economic situation of Egypt and predict improvement in economic indicators during the coming period.

 

El-Said pointed out that the British Standard Chartered Bank expects that Egypt will achieve the fastest economic recovery in 2021 in emerging markets.

 

El-Said added that the bank indicated in its report that Egypt is the only country in the region that can return to pre-pandemic growth rates,