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IMF ups Egypt growth forecast to 4.7%
The International Monetary Fund raised its growth forecast for the Egyptian economy in 2026/2027 to 4.7%, up from the previous estimate of 4.4%, reflecting an improvement in economic performance. Data also showed that Egypt's imports of natural gas and liquefied natural gas increased by 76.1% during the first seven months of 2026, reaching $7.687 billion. Additionally, the trade deficit widened by 53.95% in July to $8.04 billion. Despite the growth, the IMF expects Egypt's average inflation rate to rise to 14.8% during the same fiscal year, amid ongoing inflationary pressures. Meanwhile, the number of electric vehicles saw a remarkable jump of 172%, with car imports reaching $1.986 billion.
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