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Minister of Planning: Egypt’s economic growth rate is 4.4% in the 24/25 plan year, according to International Monetary Fund estimates.



Minister of Planning: Egypt's economic growth rate is 4.4% in the 24/25 plan year, according to International Monetary Fund estimates.

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, said that the International Monetary Fund estimates Egypt’s economic growth rate at around 4.4 percent during the 2025/24 period, which is higher than the plan’s estimates (4.2%) and also places Egypt in an advanced position in terms of global economic growth.

This happened during the presence of the Minister of Planning and Economic Development, who today discussed the draft law on the economic and social development plan for the financial year 24/2025, during the meeting of the Commission financial, economic and investment issues of the Senate, chaired by Dr Hani Sarreddine, and in the presence of Dr Ahmed Kamali, Deputy Minister of Planning and Economic Development, and with the participation of members of the Council.

Al-Saeed reviewed global economic indicators, noting that the International Monetary Fund expects the global economy to record an average growth rate of 3.1 percent by the end of 2024 due to the escalation of geopolitical developments, such as the war in Gaza, which led to an increase in the state of uncertainty in the Middle East region, which was reflected in growth indicators, highlighting the evolution of rates inflation in some countries, the worsening problem of food security and the evolution of unemployment rates on a global scale.

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Regarding international institutions’ estimates for Egypt, Al-Saeed explained that the International Monetary Fund estimates Egypt’s economic growth rate at around 4.4% for the year 2024/2025, while estimates of the World Bank amount to 3.9%, which is higher than the plan rate. estimates (4.2%), and this also places Egypt in the center of advanced countries in terms of global economic growth.

Regarding the evolution of Egyptian economic growth rates from 21/2022 to 24/2025, Al-Saeed explained that the objective in 2024/2025 is to achieve a growth rate between 4 and 4.2%, and that it should reach 2.9% in the current current. year 23/2024, affected by geopolitical events.

Regarding the sectoral growth rates of the 2025/24 plan at constant prices, Al-Saeed explained that the sectoral rates reach positive growth rates, because the objective is for the communications sector to reach a growth rate of 14.6 %, 9.4% for the Suez sector. Canal, 9.3% for the tourism sector, and 5.7% for social services and 4.9% for construction.

Al-Saeed explained that gross domestic product at current prices is expected to reach 13.9 trillion pounds by the end of the current year, and will reach 17.3 trillion pounds by the end of the year next. Dr. Hala Al-Saeed explained that the current population size. reached 106 million citizens, and next year it is expected to reach 108.3 million citizens, reaching a working strong of 32.9 million citizens.

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