Latest in Tag: GDP Highlight
Latest in Tag: GDP
ICT sector achieves EGP 1bn increase in GDP during Q4 2016
A significant decline in the telecommunication services costs in Q4 compared to Q3 of 2016
Financial conditions deficient as economic activity slows down in Q3 of FY 2016/2017: Pharos
Pharos Holding’s FCI has revealed that the GDP decline was expected, given the decline in sales volume in several economic sectors
GDP growth to slow, reach 3.9% in FY 2017/18: World Bank
Growth expected to accelerate to 4.6% in FY 2017/2018 and 5.3% in FY 2018/2019
Focus Economics expects inflation to average 22.3% in 2017
The company expects the economy to expand at a more moderate pace of 3.0% in fiscal year 2017, 3.8% for 2018
Egypt’s public debt is reaching critical level
Experts believe there are no other options but to ask for more loans, while national and foreign debt is equally dangerous
Egypt’s foreign debt jumps by $19.5bn in 2016
Foreign debt reached 37.6% of GDP in December 2016 compared to 13.6% in December 2015
Budget deficit 11.5% of GDP for FY 2014/15
EGP 73.9bn for fuel subsides, and EGP 33.2bn for pension funds
Ministry of Trade and Industry approves 226 new industrial projects with EGP 8bn investments
Positive indicators reflect ministry’s strategy to promote development until 2020: Kabil
Political complexities
The local and international relations between different political forces are always controlled by power centres. States are no longer the only international political entities; today, large corporations and international non-governmental organisations—usually backed by powerful countries—also have international influence because of their huge financial capabilities, some of which easily exceed numerous countries’ budgets and GDPs. This …
Beltone delineates Egypt’s economy over the coming 5 years
Beltone Financial issued its annual report covering the Egyptian economy, titled “the Great Recovery.” The report gave an overview of its forecasts for growth rates, budget deficit, performance of economic sectors, government plans to cut subsidy, flotation impact on the Egyptian Stock Exchange (EGX), and the expected exchange rate over the coming years. Beltone amended …
Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17
Large projects and the improved climate for investment will increase economic growth, exports, and foreign trade growth, says Minister of Planning
Weak exports dampen US fourth-quarter growth
The US economy slowed sharply at the end of 2016 as a plunge in shipments of soybeans weighed on exports. But steady consumer spending and rising business investment suggest the economy will continue to expand.
We aim to reduce government investment as a share of GDP: El-Araby
Minister of Planning Ashraf El-Araby said that the government aims to reduce government investment as a share of the gross domestic product (GDP) within its plan to control government spending and tackle the budget deficit. The government’s investment allocations amounts to EGP 150bn (equivalent to 4.4% of GDP) in the budget of the current fiscal year (FY), compared …
Government raises GDP estimate to EGP 3.4tn following flotation
Egypt’s economy will grow by 4% during this FY, says Planning Minister
China GDP slows as growth risks mount
In 2016, China recorded its slowest rate of growth in more than a quarter of a century, as the world’s second largest economy struggles to restructure amid explosive growth in debt and fears of protectionism.
Egypt’s GDP growth rate expected to fall to 4% in 2017: World Bank
In its report “Global Economic Prospects”, the World Bank stated that among oil-importing economies, growth in Egypt has slightly declined to 4.3 % in fiscal year (FY) 2016. This comes as a result of foreign currency shortages which feed manufacturing and a decline in tourism after the crash of a Russian aeroplane in the Sinai …
Does Egypt’s economic targets line up with its economic reality?
Minister of Finance Amr El-Garhy had said on Sunday that the ministry has set three goals for the country’s budget in the fiscal year (FY) 2017/2018. According to him, the ministry plans to focus on sustainable development, by raising the GDP by 5%, reducing unemployment to 11%, and cutting the national debt to 94% of …
Industry and Trade Ministry targets 8% industrial growth by 2020
We target to increase private investment from EGP 43bn to nearly EGP 100bn by 2020, says minister
Egypt seeks to be listed among the top 30 countries in economic, social development: Trade and Industry Minister
The government targets reaching 6% growth in GDP next year, increasing investments by 19%, says minister
Brexit to eat into German GDP: study
Britain’s vote to leave the European Union will have a negative impact on gross domestic product in Germany, a survey by an economic think tank has predicted.
External debt: a tricky, dangerous route towards reform
Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and the African Development Bank would increase the country’s external debt to approximately $70bn. Yet, the government views the loans as a way for reforming poor economic conditions that have plagued the country since 2011, and a tool to attract foreign investment. Essentially, …
Egypt’s economic growth to register 3.6% in FY 2016/2017: FocusEconomics
Egyptian pound expected to reach 11.30 to $1 by the end of FY 2016/2017, says FocusEconomics
IMF deal will be credit-supportive, real GDP growth to average 3.4% from 2011 to 2020: Moody’s vice president
The devaluation of the Egyptian pound in March put upwards pressure on the already high inflation rate
Cost of government debt threatens economic reform programmes
The government successfully controls the subsidies and salaries bills, but fails to handle the interest on government debt
SMEs may be the key for a better Egyptian economy, but does the government care?
Small- and medium-sized enterprises (SME) may be the best solution for Egypt’s poor economic state. SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products. In May, the executive manager of the Egyptian Banking Institute (EBI) Mona El-Baradei said that the number of SMEs in Egypt constitutes …
5.2% growth in GDP of telecommunications sector during first quarter of 2016
EGP 13.8bn total investments in the sector over three months
Egypt’s steady adoption of IMF programme would provide upside risk: Merrill Lynch
Forward exchange rate is expected to register 11.20 in Q4 2016, says Bank of America
German economy logs moderate growth
While losing some of its previous momentum, the German economy is still in a robust state, logging higher-than-expected growth in the second quarter. Exports and private consumption were behind the expansion.
Egypt’s external debt to climb to 21.8% of GDP in 2020: FocusEconomics
US dollar exchange rate expected to increase to EGP 10.19 by the end of 2017 and EGP 13.10 by the end of 2020, says FocusEconomics
Up to 50% of metro carriages are locally manufactured: Trade and Industry Minister
SEMAF delivered 11 air conditioned stainless steel metro carriages for the ERA