“IMF expects Egypt economy to grow 5.9% in year to end of June”

” Egypt’s economy is expected to grow 5.9% in the year ending in June, the International Monetary Fund said on Tuesday — unchanged from its April forecast but below the government’s target of 6% to 7%…

In its World Economic Outlook, the Fund brought down its 2019/2020 forecast for consumer price inflation to 10% from 12.3% six months ago.

Egypt said its economy grew by 5.6% in the 2018/19 year, slightly above the IMF’s estimate of 5.5%, unchanged from April…”

https://www.reuters.com/article/us-egypt-economy-imf/imf-expects-egypt-economy-to-grow-59-in-year-to-end-of-june-idUSKBN1WU1TG