The Minister of Planning before the Senate Economy: 4.4% economic growth rate during 2024/2025
The Minister of Planning and Economic Development, Dr. Hala Al-Saeed, the International Monetary Fund estimates Egypt’s economic growth rate at about 4.4% during 2024/2025, which is higher than the estimates of the economic and social development plan (4.2%), and it also places Egypt in an advanced position on the level of global economic growth.< /p>
This came during the presence of the Minister of Planning and Economic Development discussing the draft law on the economic and social development plan for the fiscal year 24/2025 at the meeting of the Financial, Economic and Investment Affairs Committee in the Senate today, headed by Counselor Abdel Wahab Abdel. Al-Razzaq, Chairman of the Senate, in the presence of Dr. Ahmed Kamali, Deputy Minister of Planning and Economic Development, and with the participation of Council members.
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% by the end of 2024 as a result of escalating geopolitical developments, such as the war in Gaza, which led to an increase in uncertainty in the Middle East region, which was reflected in growth indicators, pointing to the development of inflation rates in some countries, the exacerbation of the food security issue, and the development of global unemployment rates.
Regarding the estimates of international institutions for Egypt, Al-Saeed explained that
Regarding developments in Egyptian economic growth rates 21/2022-24/2025, Al-Saeed explained that it is targeted in 2024/2025 to achieve a growth rate between 4 and 4.2%, and it is expected to reach 2.9% in the current year 23/2024. affected by geopolitical events.
With regard to the sectoral growth rates of the 24/2025 Plan at constant prices, Al-Saeed explained that the sectoral rates achieve positive growth rates, as it is targeted for the communications sector to achieve a growth rate of 14.6%, and 9.4% for the Suez Canal. 9.3% for the tourism sector, 5.7% for social services, and 4.9% for construction.
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