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IMF maps Suez Canal recovery path
The International Monetary Fund expects Egypt's revenues from the Suez Canal to recover over the next two years, reaching levels close to those before the Gaza war and the Red Sea crisis in late 2023, after declining due to decreased maritime traffic. It is anticipated that Canal revenues will represent approximately 1.3% of the GDP in 2027/2028, compared to 1.7% in 2024. The Fund also foresees tourism revenues increasing to 4.5% of the economy by 2030/2031, despite ongoing geopolitical tensions, which will help reduce Egypt's current account deficit to lower levels.
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