Egypt’s real gross domestic product (GDP) growth is expected to continue recovering, Invest-Gate reports.
The GDP growth is expected to be spurred by the recovery of net exports of goods and services as well as domestic and foreign investments, according to the monetary policy report released by the Central Bank of Egypt (CBE) for September 2017.
The recovery of tourism, construction, non-petroleum manufacturing as well as extractions, particularly natural gas, are expected to support economic activity by sector.
The government is expected to continue implementing its economic reform program to achieve more sustainable growth.
The overall fiscal deficit in 2017/18 is targeted to decline to 9.0% of GDP, while the primary balance is targeted to record a surplus of 0.2% of GDP for the first time since 2002/2003 and to increase thereafter.