Arab Monetary Fund forecasts Egypt's economy to continue to be strong after COVID

This came in the 15th edition of the Arab Economic Outlook Report, including updated forecasts for growth and inflation in Arab economies for 2021/2022.

The second phase of the National Structural Reform Program (NSRP), which was announced by the Egyptian government, is expected to give an extra boost to economic growth rates in 2022.

Egypt's GDP is expected to increase to 5.4 percent in 2022, according to the report.

It added Arab economies are expected to grow by 2.7 percent in 2021, driven by progress in national vaccination programs.

The Arab Monetary Fund raises its forecast for the economic growth of Arab countries in 2022 to 5.2 percent, reflecting the expected increase in oil production in some major Arab oil exporters and the positive impact of implemented economic reforms.