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EBRD Cuts Egypt Growth Forecast to 4.6%
The European Bank for Reconstruction and Development has lowered its GDP growth forecast for Egypt in 2026 to 4.6% due to geopolitical tensions that negatively impact foreign investment. The bank expects a slight recovery in growth in 2027, reaching 5%, owing to the resilience of the economic sectors, particularly telecommunications, commerce, and oil refining, as well as worker remittances and tourism. It also highlighted ongoing supply pressures, with the government expecting the need for financing amountsing to up to 50% of the GDP during the 2026-2027 fiscal year. There are warnings that regional tensions will continue to affect energy markets and investor confidence, especially amid declining oil and gas production and Egypt's increased reliance on imported gas.
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