Egyptian Economy Posts Strongest Growth Since 2022

TLDR

• Egypt’s economy grew 4.3% year-on-year in the fourth quarter of 2024, its fastest pace since Q3 2022
• The acceleration was supported by increased foreign inflows and a pivot toward boosting domestic production and exports
• The growth comes after Egypt faced years of pressure from rising inflation, a currency crisis, and declining foreign reserves

Egypt’s economy grew 4.3% year-on-year in the fourth quarter of 2024, its fastest pace since Q3 2022, according to the Ministry of Planning,…