Egypt’s inflation rate for the coming fiscal year (FY) 2023/24 is expected to hit 7.9%, down from 20% expected for the current FY 2022/23, according to the African Economic Outlook 2023 revealed during the African Development Bank Group’s (AfDB) annual meetings. 

Egypt’s GDP is expected to grow to 5.1% in FY 2023/24, slightly higher than of 4.4% expected for the current FY. 

Egypt's current account deficit is projected to reach 3.5% of GDP during the current FY, before dropping to 2.4% of GDP during the upcoming FY 2023/24.