CBE: Egypt’s Real GDP Grows 2.4% in 9 Months

Egypt's real gross domestic product (GDP) grew 2.4 per cent during the period from July 2023 to March 2024, compared to 4.1 per cent in corresponding period last year, a central bank report showed on Wednesday2/10/2024. According to the Central Bank of Egypt's (CBE) Financial Stability March 2024, the slowdown in Egypt's real GDP was driven by the ongoing global challenges, including escalating regional geopolitical tensions, high inflation, and elevated interest rates. Source: State Information Service Egypt