The World Bank raised its forecast for Egypt’s economic growth to 4.2% during the fiscal year 2024/2025, indicating that the “Ras El Hekma” deal that Egypt concluded with the UAE will enhance investment and support growth rates.
A recent report issued by the World Bank stated that global interest rates “will remain at double the average in the period from 2000 to 2019, which will curb growth and increase debt pressures on emerging market countries borrowing in dollars.”
The report indicated that “the economies of countries that represent 80% of the world’s population and their gross product will grow at a slower pace than before the Corona pandemic until 2026.
Continue Reading🔗
#Corona_Pandemic #Economic_Growth #Egypt_News #Egyptian_economy #Global_Growth #Indermit_Gill #Interest_Rates #Ras_El_Hekma_Deal #UAE #World_Bank
A recent report issued by the World Bank stated that global interest rates “will remain at double the average in the period from 2000 to 2019, which will curb growth and increase debt pressures on emerging market countries borrowing in dollars.”
The report indicated that “the economies of countries that represent 80% of the world’s population and their gross product will grow at a slower pace than before the Corona pandemic until 2026.
Continue Reading
#Corona_Pandemic #Economic_Growth #Egypt_News #Egyptian_economy #Global_Growth #Indermit_Gill #Interest_Rates #Ras_El_Hekma_Deal #UAE #World_Bank
Please open Telegram to view this post
VIEW IN TELEGRAM