The International Monetary Fund (IMF) has trimmed its forecast for Egypt’s real gross domestic product (GDP) for the current fiscal year (FY) 2023/24 to 3.6%, according to the fund’s World Economic Outlook (WEO) report.  

It anticipates an increase in Egypt’s consumer prices to 32.2% in FY 2023/24.  

The report also projected the country’s unemployment rates to hit 7.5% in FY 2023/24.  

Current account balance deficit is expected to reach 2.4%.