The World Bank has revealed its optimism about the performance of the Egyptian economy during the current year, despite the continued rise in inflation in the country.
The World Bank expected, in a recent report, that the Egyptian economy will grow by 5.0% during the current fiscal year 2022/2021, up from the 3.3% level recorded during the last fiscal year. .
In a recent report on the economic developments in the Middle East and North Africa, the World Bank raised its expectations compared to those contained in last April's edition of its report on economic developments, when it mentioned Egypt's GDP will grow by 4.5% during the current fiscal year.
The region's per capita GDP is likely to rise by only 1.1%, rebounding from a 5.4% contraction in 2020 and an upward revision to the 0.6% World Bank forecast that It was set last April.
The Central Agency for Public Mobilization and Statistics in Egypt announced yesterday, Sunday, that the annual inflation rate for the total of the republic recorded 8% during the month of September 2021, compared to about 3.3% for the same month in the previous year. the previous year.
