Egypt’s Deputy Finance Minister Ahmed Kouchouk revealed that Egypt’s real GDP recorded 4.5 percent growth in the fiscal year 2024–2025, up from 2.4 percent in the previous year, supported by IMF-related reforms and increased manufacturing activity.
Inflation, which had surged to a record high of 38 percent in September 2023, has since declined, with urban consumer price inflation easing to 13.9 percent in July from 14.9 percent in June.
Egypt’s fiscal year runs from July to the end of June. In its new budget, Egypt expects GDP growth of 4.2 percent.
Source (Asharq Al-Awsat Newspaper, Edited)
