International Finance Fund (IMF) Tuesday said that the Egypt economy will grow 5.5% this year, without changing from the October releases and 5.9% in 2020.
In the World Economic Outlook, the IMF raised its forecast for consumer price inflation in 2019 to 14.5% from 14%, and expected to fall to 12.3% in 2020. t
Egypt's GDP grew 5.3% last year, when inflation was 20.9%.
The IMF expects that the current deficit in the current year will be to 2.4% of GDP, as in 2018, without amendment from the October Fund forecast.
Egypt signed up with the IMF's three-year $ 12 billion loan program at the end of 2016, trying to regain overseas investment after the 2011 rebellion.
The government has put in place strong reforms, including a significant reduction in the money, significant cuts in energy subsidies and the introduction of value tax, with many of the 100 million Egyptians doing t difficulties for life.
Egypt will remove the rest of the subsidies on most energy products in June 15, the IMF said in a letter in January that the IMF announced Saturday as part of a loan review t .