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Egyptian Gazette
Home Business

Egypt’s economy seen resilient amid global shifts – Standard Chartered

by Gazette Staff
August 10, 2025
in Business, Egypt
Egypt’s economy seen resilient amid global shifts – Standard Chartered 1 - Egyptian Gazette
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CAIRO – Egypt’s economy is expected to remain resilient despite global volatility, supported by stable macroeconomic conditions, Standard Chartered said in its H2 2025 Global Focus report.

The bank cited strong foreign currency inflows from portfolio and official investments, boosting confidence in the Egyptian pound. Over 50% of a $12.5 billion investment pledge from Qatar and Kuwait is expected to be disbursed by year-end.

Monetary easing continues, but interest rate carry trades remain attractive, the bank noted. The IMF has urged Egypt to pursue tighter fiscal policies and accelerate privatisation to attract more investment.

GDP growth is forecast at 4.5% in FY 2026, driven by private sector investment. Standard Chartered Bank – Egypt CEO Mohamed Gad said Egypt’s external position is improving, with remittances up 60% y/y in March and exports rebounding.

Inflation is projected to average 11% in FY 2026, with the central bank likely to cut rates cautiously, reaching 19.25% by year-end. According to the report, persistent cost pressures in healthcare, food, and transport remain a challenge, but proactive policy moves may help sustain long-term resilience.

Tags: EgyptStandard Chartered
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The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
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