Cairo - Mubasher: The International Monetary Fund (IMF) expects Egypt's economy to grow by 5.2% during fiscal year (FY) 2021/2022, compared to a projected growth rate of 2.8% in FY20/21. 

As for FY22/23, the country's real gross domestic product (GDP) growth is projected to accelerate to 5.6%, according to a report by the IMF.

The average inflation rate is seen at 6.6% in FY21/22 and 6.8% in FY22/23.

Foreign direct investment (FDI) is forecast to rise to $8.6 billion in FY21/22, $11.7 billion in FY22/23, $14.9 billion in FY23/24, and $16.5 billion in FY24/25.