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IMF’s 2015 growth forecast for Egypt, Algeria and Sudan
Egypt’s Fiscal deficit to narrow to 11% of GDP in current fiscal yearThe International Monetary Fund projected Egypt’s real GDP growth rate at 3.8% in the fiscal year that ends in June 2015 and at 4.3% in FY2015/16, up from 2.2% in FY2013/14. It forecast Egypt’s annual average inflation rate at 9.7% in FY2014/15 and 9.9% in FY2015/16, down from 10.1% in FY2013/14. Further, it expected the growth of broad money at 16.7% in the…
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