Cairo – Mubasher: The Institute of International Finance (IIF) forecast Egypt’s economy to grow by 5.1% and 5.4% in 2018 and 2019, respectively.
Egyptian economic growth will be the largest among the Middle Eastern and African countries, Bloomberg reported, citing the IIF.
It is worth noting that the North African nation also seeks to achieve an economic growth of 5.8%.
Economic growth in the Middle East and North Africa (EMNA) will reach 2.5% this year and 2.9% next year, the IIF added.
The Washington-based institution projected the emerging markets’ economies to record the highest rates of growth in 2019, as compared with the developed markets.
The IIF also expected the developed markets to grow slowly to 2.2% in 2019, and the emerging markets to grow to 5.1%.