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Fitch raises Egypt growth forecast to 4.9% for 2025-2026

Businessmen Team economy 06 November 2025 11:13 AM
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Fitch raises Egypt growth forecast to 4.9% for 2025-2026

Credit rating agency Fitch revised its growth forecast for the Egyptian economy for fiscal year 2025-2026 to 4.9%, up from an earlier projection of 4.7%, citing the strong growth rates achieved last year.

According to a report issued by Fitch and cited by the cabinet's Media Center on Thursday, the Egyptian economy achieved its highest growth rates in three years during fiscal year 2024-2025, buoyed by a rebound in the non-oil manufacturing sector, increased exports, and robust tourism revenues.

The report anticipated that these growth drivers would persist in the 2025-2026 fiscal year, supported by declining inflation rates and interest rates, alongside strong inflows of foreign direct investment.

Fitch also added that the stability of the Egyptian pound against the US dollar would contribute to boosting the competitiveness of exports and easing the cost pressures on production inputs, thereby supporting household purchasing power.