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IMF raises Egypt growth forecast to 5.1%
The International Monetary Fund raised its growth forecast for the Egyptian economy in 2026 to 5.1%, compared to previous estimates in April. This is supported by the resilience of economic activity, continued reforms, increased remittances from Egyptians working abroad, and a recovery in the tourism sector. The report expected that growth would remain strong in the first half of the year, with overall growth continuing to reach 4.7% in 2027 and 4.8% by 2031. These projections reflect improved economic performance driven by reforms, better foreign currency inflows, a stable tourism sector, and ongoing fiscal stability efforts and enhancements in public financial management.
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