Latest in Tag: GDP Highlight
Latest in Tag: GDP
Opting for credibility over leniency, EU presses for deficit sanctions
Europe’s financial ministers have agreed to move towards unprecedented sanctions against Spain and Portugal for overshooting EU deficit limits. Both countries then immediately set out to convince the EU to reconsider.
IMF urges Italy to tackle slow growth and bank crisis
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
Are Egypt’s economic reforms enough to solve the informal economy problem?
Egypt’s informal economy has grown as a result of dysfunctions in the formal economy, which lacks dynamism, flexibility, and resilience
Infrastructure projects are the cornerstone of Egypt’s GDP growth recovery: Minister
$50bn worth of tax conflicts will be resolved through the new tax reconciliation law
Germany sticks to balanced budget policy
The German government has said Europe’s powerhouse will not move away from its budgetary policy of zero fresh borrowing, Brexit or not. It’s Berlin’s way of sending a “signal of continuity,” but not everyone is amused.
Government reduces its investment forecast for private sector to EGP 292bn for next FY
Investors are facing challenges and we are working to fix them, says investment minister
Egypt’s GDP to grow by 3.6% in FY 2016/17: Fitch Ratings
The agency rating evaluates Egypt’s high fiscal deficit, low foreign reserve coverage, and recent volatile political history, with low external debt being levelled against gradual progress in implementing an economic and fiscal reform programme
Egypt’s economic situation remains far from rosy: FocusEconomics
The GDP is expected to be $311bn in FY 2015/2016 and to reach $327bn in FY 2016/2017, says the report
Investment in Egypt to increase by 6.6% in FY 2015/ 2016: Focus Economics Consensus Forecast
GDP to grow 3.9% in FY 2016/2017, says report
Achieving democracy increases per capita GDP by 4% until 2020
Close relationship between democracy, achieving high economic growth but only where complete democracy is practised, says chief economist
Government unlikely to achieve expected GDP growth: HC Securities
The investment bank estimated that GDP growth will not exceed 3.4% while it predicted that the budget deficit will register 11.3% of GDP
Migration to electronic payments added nearly $300bn to GDP of 70 countries: Visa-commissioned study
Electronic payments added $10m to Egypt’s GDP and created 2,300 jobs per year from 2011-2015
Revisions to forecasted GDP growth rate show continued decline: FocusEconomics
In its January report, FocusEconomics lowered the GDP forecast to 3.6%, after it predicted a rate of 3.8% in its December report. Additionally, the company expects Egypt’s GDP growth rate for the fiscal year 2017 to reach 4.2%
$3.3tn of Arab banking sector assets by end of September 2015: Barakat
Only 8% of total financing in Arab banks goes to SMEs
Economic, political stability improved in Egypt: UN World Economic Outlook
Policymakers around the world still face enormous challenges in stimulating investment after the economic crisis
Global challenges may affect Egypt’s GDP growth: CBE
Monetary Policy Committee increased pound’s interest rate to counter inflationary pressures
The good and bad of China’s economy in 2015
The Chinese economy this year has been marked by slackening growth and a stock market meltdown. But the Asian giant also scored successes in its attempts to become a major global financial player.
UN releases 2015 Human Development Index
Human Development Index ranks Egypt 108th in its 2015 report
Egypt’s insurance market prospects are encouraging: Moody’s
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
German shares outperform on Metro, Deutsche Bank
German shares were the top performers Monday morning, lifted by a positive outlook for retail giant Metro and promises by Deutsche Bank to overhaul its investment banking unit. Chinese GDP data made for a slight hiccup. Germany’s blue-chip DAX index was up 0.7 percent by mid-morning at 10,174 points, beating pan-European shares listed on the …
Eni’s share value inches up after announcement of Egypt’s natural gas discovery
The value per share reached €15.2 after company’s CEO announced that he expected investments worth 6bn to $10bn for development of field
Egypt’s economy grew 3% in Q3 of FY 2014/2015: Dcode EFC
Real GDP growth reached 4.7% in first three quarters of FY 2014/2015, increasing from 1.6% during same period of previous year
Egypt’s economy grows 4.7% in first 9 months of FY 2014/2015
Tourism sector grows 34.6% in first 9 months of last fiscal year
Egypt is poorer than other Arab Spring countries: Global Finance report
Egypt ranks 109th globally in world’s wealthiest/poorest countries list, with GDP per capita being equivalent to $6,650
Upward trend for Egypt’s economic indicators: Investment Minister
Egyptian government is aiming to achieve better results in upcoming three years, says Salman
IMF projects slower growth in emerging markets
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
New state budget targets total deficit of EGP 251bn: Finance ministry
Total debt interest for local and foreign loans in state budget draft for FY 2015/2016 amounts to 244bn, with an increase of 25.1%, statement says
5% GDP growth, 10% budget deficit, 10% inflation by FY 2016/2017: World Bank
Uncertainty still surrounds the financing of mega-projects, World Bank said
4.3% expected increase in annual growth in FY 2014/2015: World Bank
The World Bank expects increase of economic growth in Egypt to reach 4.5% by 2017
Freezing capital gains tax law will slow budget deficit reduction: Former minister
Decision will likely lead to matching Fitch’s assumptions on the deficit of reaching 11.1% of GDP by end of this FY instead of the 10.8% targeted by government