IMF Upgrades Egypt's FY2026/27 Growth Outlook to 4.7%
The International Monetary Fund raised its gross domestic product growth forecast for Egypt in fiscal year 2026/2027 to 4.7%, up from the 4.4% expansion projected in July. The revised outlook was published in the October 2026 World Economic Outlook report.
Despite the stronger growth outlook, economic hurdles remain. Egypt's current account deficit is projected to hit 4.9% of gross domestic product in fiscal year 2026/2027. Meanwhile, annual consumer price inflation is expected to average 14.8% by the end of June 2027, an increase from the 13.3% estimate for fiscal year 2025/2026.
Recent inflation figures show modest short-term cooling. Annual urban headline inflation dipped to 13.9% in September 2026 from 14.5% in August 2026, even as the general consumer price index gained 1.5% month-over-month to reach 294.2 points.
Key points
- The IMF raised Egypt's economic growth projection for fiscal year 2026/2027 to 4.7% from 4.4%.
- Egypt's current account deficit is expected to reach 4.9% of gross domestic product in fiscal year 2026/2027.
- Consumer price inflation is forecasted to average 14.8% by the end of June 2027, up from 13.3% in FY2025/2026.
- Urban headline inflation cooled to 13.9% in September 2026 compared to 14.5% in August 2026.
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What is Egypt's economic growth forecast for FY2026/27?
The growth forecast for Egypt in fiscal year 2026/2027 was raised to 4.7%, up from a previous projection of 4.4%.
What is Egypt's expected inflation rate by June 2027?
Annual consumer price inflation in Egypt is projected to average 14.8% by the end of June 2027, rising from 13.3% expected in fiscal year 2025/2026.
What was Egypt's inflation rate in September 2026?
Annual urban headline inflation registered at 13.9% in September 2026, down from 14.5% in August 2026.