Egypt trims economic growth forecast to 3.5% for FY 2023/2024

Posted on December 11, 2023   |  

The Egyptian government cut down its economic growth expectation for FY 2023/2024, lowering it by 0.7% to 3.5%.

Potential fluctuations in the forecast hinge on the impact of the Gaza-Israel war.

At the start of the year, the minister set a goal for Egypt to attain economic growth between 4.1% to 4.2%.