Egypt is putting the turmoil of the early part of the decade behind it as it looks to greater growth and a more diversified economy, and while many challenges remain, the economic situation in the country continues to tick upwards.
According to rating agency Moody’s, real gross domestic product (GDP) growth in Egypt is forecast to hit 5.5% in 2019, and rise to 5.8% in 2020. Meanwhile, inflation has dropped steadily, unemployment is at an almost 10-year low, and the drive towards a balanced, competitive and diversified economic model, as laid out in Egypt’s Vision 2030, is taking shape.
