Reuters Poll: Egypt's Growth Outlook Unchanged

Economic growth expectations in Egypt have remained generally stable over the past three months, with a slight increase in inflation forecasts. The economy has demonstrated resilience in the face of challenges such as the Middle East war. According to a survey of fifteen economic experts, Egypt's gross domestic product (GDP) grew by 4.8% in the fiscal year ending June, with expectations of growth slowing to 4.5% in 2026-2027 before rebounding to 5.3% in 2027-2028, and sustained growth reaching 5.5% in 2028-2029. The Egyptian economy performed better than expected in the first quarter of the fiscal year, with foreign exchange reserves rising to $55 billion by the end of June, and remittances from Egyptians abroad increasing by 31.2% to reach $43.1 billion. However, forecasts predict average inflation will rise to 13.5% in 2026-2027, then gradually decline to 8.6% in 2028-2029. The exchange rate of the Egyptian pound against the dollar is expected to weaken to about 49–50 Egyptian pounds per dollar in the coming years, although uncertainties may impact exports and investment.

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