The report praised the rapid economic growth in Egypt in light of the
improved performance of the construction and natural gas production sectors.
Has contributed to the growth of 5.2% in 2018 - 2017, and the Agency expected
the decline of inflation in Egypt to 11.6% in 2019, from 13% in 2018, Fitch
said: The decision was supported by progress in the implementation of the
program Economic and financial reform in Egypt, greater macroeconomic
stability, and improvement The positive outlook in the evaluation reflects the
trends in the improvement in a number of credit standards in response to the
reform program, pointing at the same time to the pressure points on raising the
assessment represented by the large budget deficit, the large government debt
for the GDP, Governance .
The agency pointed to
the decline of inflation in Egypt after reaching its highest levels by the end
of 2016. Fitch also expected growth to reach 5.5% in 2019-2018 and 2020-2019.
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