According to a recent Reuters poll, Egypt's economic growth forecasts have been revised downwards due to the recent flare-up of the Gaza crisis. The ongoing conflict in the region has put a strain on Egypt's already struggling economy, leading to concerns among analysts and economists.
The poll, conducted among economists between May 12 and May 18, revealed that Egypt's economy is now expected to grow by 2.8% in the fiscal year 2020/2021. This is a 0.4% drop from the previous forecast of 3.2%. The downward revision is a reflection of the negative impact of the Gaza crisis on Egypt's economic prospects.
