IMF upgrades Egypt’s real GDP growth for 2022 to 5.6%

Brooks made her comments as an answer to Ahram Online’s question on the IMF’s expectations for Egypt and the MENA region as well as the key drivers behind them.

The IMF held a presser on Tuesday to launch its updated report on the world economic outlook.

Brooks said that Egypt managed to do well amid the pandemic compared to oil-importer countries, adding that the impact of COVID-19 on the Egyptian economy has been well managed so far.

She also pointed out that there is stronger data coming in terms of Egypt’s economic performance that drove the revising up of its real GDP growth without giving further details.

However, Brooks said that the Omicron variant and its impact on the economy may bring uncertainty, especially for Egypt’s tourism sector.