EBRD projects slower Egypt growth 2026-27
The European Bank for Reconstruction and Development has lowered its growth forecast for Egypt's economy to 4.9% for the years 2026 and 2027, compared to previous predictions of 5.1% and 5% respectively. This adjustment reflects ongoing structural pressures, including declining oil and gas production and increased reliance on imported gas, along with inflation rising to 15.2% in March 2026 due to higher energy and food prices. The Central Bank maintained the interest rate at 19.5%, while support from the International Monetary Fund helped stabilize international reserves, which reached $52.8 billion in March.
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