Editing Economy of Egypt (section)

===Post-revolution=== 

Following the [[Egyptian Revolution of 2011|2011 revolution]], Egypt's economy plunged into a severe downturn, facing significant challenges in restoring growth and investor confidence. Foreign exchange reserves fell from US$36 billion in December 2010 to just US$16.3 billion by January 2012. Concerns over social unrest and financial instability led to repeated downgrades by credit rating agencies.<ref>{{cite news |url= http://english.nuqudy.com/General_Overview/North_Africa/SP_Downgrades_Egypt-883 |archive-url= https://archive.today/20120709042815/http://english.nuqudy.com/General_Overview/North_Africa/SP_Downgrades_Egypt-883 |url-status= usurped |archive-date= 9 July 2012 |title= S&P Downgrades Egypt's Credit Rating |access-date= 13 February 2012}}</ref> In 2016, Egypt floated its currency and initiated a reform program with a US$12 billion [[IMF]] loan to restore macroeconomic stability.<ref>{{cite news |title=Egypt: Time to Entrench Growth and Make It More Inclusive |url=https://www.imf.org/en/News/Articles/2018/01/22/na012318-egypt-time-to-entrench-growth-and-make-it-more-inclusive |access-date=30 June 2018 |agency=International Monetary Fund}}</ref>

Inflation had eased by May 2019, indicating signs of economic stabilization.<ref>{{cite web|url=https://www.thenational.ae/business/economy/egypt-inflation-eases-as-economy-strengthens-1.859536|title=Egypt inflation eases as economy strengthens|date=9 May 2019|access-date=9 May 2019|publisher=The National}}</ref>Despite efforts, Egypt’s economy was hit by the global [[COVID-19]] crisis, with real growth declining from 5.6% in FY2018/19 to 3.6% in FY2019/20, reflecting a 1.7% contraction during the April–June period of 2020.<ref>{{Cite web|title=Overview|url=https://www.worldbank.org/en/country/egypt/overview|access-date=2021-10-22|website=World Bank|language=en}}</ref>

In 2024, Egypt made fiscal adjustments, agreeing with the IMF to raise the tax-to-revenue ratio and accelerate the privatization of state-owned companies to strengthen public finances.<ref>{{Cite web |title=IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances |url=https://www.aljazeera.com/economy/2024/12/25/imf-egypt-reach-deal-to-unlock-one-to-two-billion-dollars |access-date=2025-01-02 |website=Al Jazeera |language=en}}</ref>

Both the IMF and the World Bank predicted 3.8% growth in the Egyptian economy in the fiscal year 2024/2025.<ref>{{Cite web |last=Egypt |first=Daily News |date=2025-04-26 |title=Egypt welcomes WB, IMF growth forecasts, points to reforms |url=https://www.dailynewsegypt.com/2025/04/26/egypt-welcomes-wb-imf-growth-forecasts-points-to-reforms/ |access-date=2025-04-28 |website=Dailynewsegypt |language=en-US}}</ref>