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Egypt's economy experienced a contraction in the performance of the non-oil private sector in September, as the Purchasing Managers' Index (PMI) declined to 47.2 points from 49.6 in August. This indicates an accelerated deterioration in business conditions and a decrease in production and sales. Regarding inflation expectations, opinions vary: some experts anticipate it will fall to around 14% in September, while others expect it to remain stable or increase only slightly, especially considering the upcoming impact of the fuel price adjustment decision. As for the risks of stagflation, analysts believe it is unlikely at this time. This is due to the high economic growth rate of 5.1% projected for the 2025/2026 fiscal year, which suggests that a rise in inflation alongside positive economic growth does not point to a severe downturn or recession, particularly in light of Egypt's plans to achieve growth rates of up to 5.4%.
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