Wednesday, February 1, 2023
Arabic Arabic Bengali Bengali English English French French Hindi Hindi Indonesian Indonesian Malay Malay Punjabi Punjabi Russian Russian Spanish Spanish Turkish Turkish Urdu Urdu

Egypt ranks 4th on Economist’s index tracking return to pre-pandemic life

Must Read

Assemblywoman Michelle Solages Leads Efforts to Recognize Holidays Celebrated by Hindus, Sikhs, Janis, Buddhists, and Muslims in NYS

Assemblywoman Michelle Solages of Assembly District 22 has sponsored bill A02339 to establish Diwali, Bandi Chhor Divas, Tihar, Onam...

“The youth are crazy about hockey” | Q+A with Hockey India president Dilip Tirkey

In an exclusive interview to India Today in Rourkela, Dilip Tirkey, president, Hockey India, former captain of the...

‘Eken Babu’ creator Sujan Dasgupta died of heart attack, says primary post mortem report | Bengali Movie News

Writer Sujan Dasgupta, best known for creating the popular Bengali fictional detective character 'Eken Babu', was found dead...


Minister of International Cooperation Rania al-Mashat praised Egypt’s ranking on the Economist magazine’s Global Normalcy Index, which tracks the global return to pre-pandemic life.

Mashat stated – in a message on social media – that Egypt came in fourth among ten countries that showed resilience against coronavirus pandemic, according to the index.

The index includes 50 of the largest economies in the world, representing 90 percent of the world’s gross domestic product.

On a similar note, the Egyptian government said in July that economic indicators show that the Egyptian economy has exceeded international expectations, thanks to the success of the economic reform program and resilience during the coronavirus pandemic.

A statement from the Cabinet’s Media Center stated that the the government’s economic reforms have made the economy more capable of facing external and internal shocks. It has transformed into a diversified, productive economy with competitive advantages.

The report indicated that Egypt is expected to achieve a growth rate of 2.8 percent in 2020/2021, compared to 3.6 percent in 2019/2020, and it is targeted to achieve a growth rate of 5.4 percent during the current fiscal year 2021/2022.

As for the GDP, the report indicated that it is estimated to reach LE6.4 trillion in 2020/2021, and it is targeted to reach LE 7.1 trillion in 2021/2022, after it made LE5.5 trillion in 2019/2020, LE5.2 trillion pounds in 2018/2019, and LE4.3 trillion pounds in 2017/2018.

The report stated that net international reserves reached reassuring levels to cover commodity imports thanks to the improvement in foreign exchange sources, as they recorded US$40.6 billion in June 2021, compared to US$38.2 billion in June 2020, and US$44.5 billion in June 2019.


- Advertisement -
- Advertisement -

Latest News

Assemblywoman Michelle Solages Leads Efforts to Recognize Holidays Celebrated by Hindus, Sikhs, Janis, Buddhists, and Muslims in NYS

Assemblywoman Michelle Solages of Assembly District 22 has sponsored bill A02339 to establish Diwali, Bandi Chhor Divas, Tihar, Onam...
- Advertisement -

More Articles Like This

- Advertisement -