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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt’s Economy Seen Growing Steadily

A general view of Cairo, Egypt. (Reuters file)

Egypt’s economy will grow fairly steadily over the coming three years, with inflation gradually declining from over 10% and the pound weakening in the near-term, a Reuters poll showed.

Gross domestic product (GDP) is forecast to expand a median 5.5% in the fiscal year that began this month, according to a Reuters poll of 19 economists taken during the period between July 6 and 20, up slightly from 5.2% predicted three months ago.

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