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Egypt's GDP Soars Amid Reforms, Inflation Declines

8/31/2025

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Summary

Story summary

Egypt's GDP increased by 4.5% in the 2024-25 financial year, up from 2.4% the previous year.
Growth was driven by IMF reforms and a boost in manufacturing.
Inflation peaked at 38% in September 2023, then decreased to 13.9% by July 2025.
The country incurred a $2.99 billion loss in Suez Canal revenues due to Houthi attacks.

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Story summary

Egypt's GDP increased by 4.5% in the 2024-25 financial year, up from 2.4% the previous year.
Growth was driven by IMF reforms and a boost in manufacturing.
Inflation peaked at 38% in September 2023, then decreased to 13.9% by July 2025.
The country incurred a $2.99 billion loss in Suez Canal revenues due to Houthi attacks.