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FINANCIAL NEWS
Egypt’s economy to drop by 3.3 percent in 2016
13 Apr 2016
(MENAFN) The Intl’ Monetary Fund (IMF) predicted a 3.1 percent growth in emerging markets in the coming two years, compared to 2.5 percent in 2015.
Additionally, it also predicted a global economic increase of 3.3 percent through 2016, whereas in Jan this dropped by 0.2 percent.
Moreover, consumer prices in Egypt are expected to increase by 10.7 percent this year, compared to 11 percent in 2015.
On the other hand, inflation in the country was 11 percent in 2015 and the IMF expects it will fall to 9.6 percent and 9.5 percent in 2016 and 2017.
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