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FINANCIAL NEWS
IMF predicts 4pct increase for Egypt’s 2016/17 FY
05 Oct 2016
(MENAFN) The Intl’ Monetary Fund (IMF) predicts 4 percent increase for Egypt in the financial years of 2016/17.Accordingly, the country’s real GDP growth for FY 2014/2015 reached 4.2 percent, while it predicts a 3.8 percent growth in FY 2015/2016 and 6pct in 2020/2021.The increase is attributed to the government’s predictions that the reforms being applied in FY 2016/2017 could reflect positively on the private sector.Moreover, growth could reach 4-4.5 percent this fiscal year and could increase to 5 percent when the US dollar lack problem is resolved in H2 of FY 2016/2017.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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