Italy’s Eni to boost natural gas production in Egypt
Italian energy company Eni plans to boost natural gas production in Egypt by 200 million cubic feet per day starting
U.S. financial institution Goldman Sachs has forecast that Egypt’s real GDP growth will accelerate to 4.9% from July 2024 to 2025. This is a slightly higher figure than the IMF reported recently suggesting growth would be around 4.7%. The Goldman Sachs report also suggested a positive outlook for the country’s inflation and interest rates, expecting interest payments to decline steadily over the long term. The report further noted that the total debt-to-GDP ratio will see a significant decline in the coming 2 fiscal years.
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