Egypt’s real GDP growth is projected to slow to 2.2% in 2020, from 5.6% in 2019, according to the African Economic Outlook 2020 Supplement amid COVID–19. In March 2020, Egypt experienced portfolio outflows and a 12% decline in foreign currency reserves. It also pointed out that the 2019 Global Health Security Index ranked Egypt 87 of 195 counties globally. Egypt was ranked seventh out of 54 African countries, and one of the 21 more-prepared countries in Africa. With the exception of Egypt, GDP growth across North Africa is projected to reach -0.8%, down by 5.2 percentage points from the 4.4% growth projection in the pre-coronavirus outlook.

Source: The North Africa Journal July 08, 2020 19:41 UTC