This helped sustain improvement of economic indexes and enabled the, now-resilient, national economy to face challenges, as well as internal and external shocks, the report said. The IDSC report focused on the outcome of seven years of reform, highlighting an International Monetary Fund (IMF) positive forecast for economic growth in Egypt, which it expected to reach 5.2 percent, thanks to reforms that have been applied since 2016. In 2014, the IMF had expected slow economic growth in Egypt - estimated at 2.2 percent back then. The IDSC report also pointed to a revised Egypt rating by the World Bank, which expected economic growth to revive and hit 5 percent in 2021-2022, outperforming an average global growth rate of 4.3 percent. In 2014, the World Bank had a slow forecast for Egyptian economic growth, which it put at 2.4 percent back then, the IDSC reminded.
