Egypt growth outlook cut to 5% as inflation delays rate cuts: BMI

RIYADH: Egypt’s economy is expected to grow 5 percent in fiscal 2026/27, while inflation is forecast to average 14.4 percent this year, delaying interest rate cuts until 2027, a new analysis showed. BMI, a Fitch Solutions company, lowered its fiscal 2026/27 growth forecast from 5.2 percent, citing rising regional risks, while maintaining that the revised estimate would still mark the Egyptian economy’s strongest expansion in four years.

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