Egypt’s Economy Expected to Lead Middle East Growth, According to World Bank Report

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Wednesday, 07 June 2023 05:26 PM

The World Bank expected that the Egyptian economy would lead the growth of the economies of the Middle East region, with a growth of 4% during the current fiscal year, to continue its progress over the countries of the region until 2025.

According to a World Bank report on global economic growth prospects, the economic growth rate in Egypt will record 4% in 2024, increasing to 4.7% in 2025.

The bank expects the Saudi economy to grow by 2.2% in 2023, 3.3% in 2024, and 2.5% the following year.

As for the economy of the Middle East and North Africa, the bank expected it to grow by 2.2% in 2023, 3.3% in 2024, and 3% in 2025.