World Bank Revises Egypt Growth to 5.1%
The World Bank has raised its forecast for Egypt's economic growth in 2025/2026 to 5.1%, up from 4.3%, reaffirming the economy's resilience in facing regional challenges. The banking sector achieved a net foreign assets of $28 billion as of June 2026, the second-highest level in a decade, alongside official reserves amounting to $57.2 billion and broader reserves reaching $67.4 billion, covering approximately 7.6 months of imports. Real GDP experienced strong growth, driven by consumption, investment, tourism, and information technology sectors. The budget deficit shrank to 5.3%, with an improved current account and projections indicating the budget deficit will decrease to 6.5% of GDP. Public debt has risen to around 76.3% before a expected decline in the coming years.
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