Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Capital Economics sees Egypt GDP growth outpacing consensus

by
January 22, 2025
in Stock
0
Capital Economics sees Egypt GDP growth outpacing consensus
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Capital Economics, a research firm, has projected Wednesday that Egypt’s Gross Domestic Product (GDP) growth will accelerate in the upcoming fiscal years, outstripping consensus forecasts.

The firm anticipates a rise to 5.0% in the current fiscal year, with a further increase to 5.3% in FY2025/26.

Egypt’s economy has faced challenges over the past year, grappling with a devalued currency, soaring inflation rates, and stringent fiscal and monetary policies. However, recent indicators suggest that the nation is on the path to economic recovery, with expectations of stronger GDP growth than other analysts predict.

The outlook for Egypt’s economy is becoming increasingly positive. Factors contributing to this optimistic view include the ceasefire between Israel and Hamas and the Houthi’s commitment to reducing hostilities in the Red Sea, which are likely to enhance activities through the Suez Canal, thereby benefiting Egypt’s trade and logistics sectors. Additionally, as security concerns diminish, the country should see an uptick in tourist numbers.

Another beneficial development for Egypt’s economy is the depreciation of the Egyptian pound, which has enhanced the country’s external competitiveness. Evidence from the Purchasing Managers’ Index (PMI) suggests that this devaluation is bolstering external demand. Furthermore, inflation is expected to drop significantly in the near future, from an annual rate of 24.1% in December to below 10%. This anticipated decrease should alleviate the financial burden on households by increasing their real income, Capital Economics said.

The expected slowdown in inflation is also likely to lead to cuts in interest rates, which should encourage consumer spending and stimulate domestic credit demand.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
Previous Post

With Trump digital coins, billions of dollars — and crypto’s credibility — are at stake

Next Post

Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view

Next Post
Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view

Morning Bid: ‘Giddy’ Wall Street hits new highs, BOJ looms into view

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 10, 2025
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 10, 2025
Sports executive charged with bid-rigging in Texas arena project

Sports executive charged with bid-rigging in Texas arena project

July 10, 2025
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

July 10, 2025

Recent News

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

July 10, 2025
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

July 10, 2025
Sports executive charged with bid-rigging in Texas arena project

Sports executive charged with bid-rigging in Texas arena project

July 10, 2025
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

July 10, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved