Egypt to be among the largest economies in the world by 2075

A recent economic report monitoring the conditions of several African countries predicts that Egypt will become among the largest economies in the world by 2075.

The report by the American Goldman Sachs Bank, which was reported by Business Africa platform, according to the Middle East News Agency, on Monday, said that the Egyptian economy ranks among these qualified economies.

The Egyptian economy is one of the most diversified economies in the Middle East and North Africa region, it added. Sectors such as tourism, agriculture, manufacturing and services contribute significantly to Egypt’s gross domestic product.

The Egyptian economy has the ability to face and overcome challenges, the report noted.

The report indicated that the economic reforms implemented by Egypt contributed to the stability of the Egyptian economy and the improvement of financial performance, as they enhanced the competitiveness of exports, contributed to achieving primary surpluses, controlling the inflation rate, and reaching an adequate cash reserve balance.