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IMF expects 10.3% growth for inflation in Egypt

January 27, 2014

Arab Finance : International Monetary Fund expected a global economic growth of 3% in 2013 to 3.7% in 2014, rising to 3.9% in 2015; these expectations are 0.1% over the previous forecast issued by the IMF in October 2013 . The IMF mentioned that it expected Egypt to achieve a growth rate of 2.8% this year, in 2014 compared with 1.8% last year, and the inflation rates are expected to rise from 6.9% last year to 10.3% this year, while the unemployment rate will decrease slightly from 13% to 12.8%. Source: Ahram & Arab Finance Editor

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Source: Arab Finance (Egypt)

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