Report: Egypt’s real GDP set to rise to 4.9 percent in coming year

U.S. financial institution Goldman Sachs has forecast that Egypt’s real GDP growth will accelerate to 4.9% from July 2024 to 2025. This is a slightly higher figure than the IMF reported recently suggesting growth would be around 4.7%. The Goldman Sachs report also suggested a positive outlook for the country’s inflation and interest rates, expecting interest payments to decline steadily over the long term. The report further noted that the total debt-to-GDP ratio will see a significant decline in the coming 2 fiscal years.