Dr. Mohamed El-Shawadfy, professor of management and investment, emphasized that Fitch Ratings’ decision to raise Egypt’s economic growth forecast to 5.2% by 2026 was grounded in solid economic indicators rather than speculation. He attributed the upgrade to the government’s success in boosting productive sectors, advancing industrial localization, attracting substantial foreign investments, improving the investment climate, and empowering the private sector. n nSpeaking during a phone interview with Extra News, El-Shawadfy noted that Egypt’s economy has demonstrated strong resilience amid successive global crises since 2019. This stability, he said, stems from policies prioritizing real production over reliance on volatile capital flows, enabling the country to avoid negative growth and maintain positive momentum. n nHe pointed out that the private sector now contributes over 55% of GDP and dominates both exports and employment, reflecting the effectiveness of state strategies to strengthen private enterprise. On inflation, El-Shawadfy observed a decline to the 10-12% range, signaling successful fiscal and monetary policies. He stressed the need to further expand the supply of goods and enhance supply chains to drive inflation lower, thereby stimulating domestic trade and credit activity. n nHighlighting Egypt’s vast potential, he cited a workforce exceeding 60 million, underutilized production capacities, and numerous small factories and projects awaiting activation. El-Shawadfy called for efficient resource management to maximize output, asserting that growth rates of 7-8% are achievable by leveraging existing opportunities and building on recently developed infrastructure. n— news from (اليوم السابع)n
— News Original —nEconomic Expert: Industrial Localization and Investment Attraction Behind Egypt’s Rating Upgraden nDr. Mohamed El-Shawadfy, Professor of Management and Investment, affirmed that Fitch Agency’s upward revision of Egypt’s economic growth forecast to 5.2% for 2026 did not come out of nowhere, but was based on analyses and figures reflecting the strength of national economic indicators, pointing to the state’s success in stimulating productive forces, localizing industry, attracting massive foreign investments, improving the investment climate, and supporting the private sector. n nDuring a phone interview via Extra News, Mohamed El-Shawadfy explained that the Egyptian economy has proven highly resilient in facing successive global crises since 2019, thanks to strategies relying on real production instead of hot money, allowing it to avoid negative growth and maintain positive rates. n nPartnership with the Private Sector and Inflation Control n nEconomic expert Mohamed El-Shawadfy pointed out that the state’s strategy to empower the private sector has borne fruit, as it now contributes over 55% of GDP and holds the largest share of exports and employment. n nRegarding inflation, Mohamed El-Shawadfy clarified that its decline to 10-12% reflects the success of financial and monetary policies, stressing the necessity of continuing to increase commodity supply and improve supply chains to bring inflation down further, thus stimulating domestic trade and credit. n nFuture Vision and Opportunity Utilization n nMohamed El-Shawadfy stressed that the Egyptian economy possesses immense capabilities, including a labor force exceeding 60 million, underutilized production capacities, and factories and small projects in need of activation. n nHe called for prudent management of these resources to maximize productivity, affirming that achieving growth rates of 7-8% is possible if all available opportunities are exploited and built upon the strong infrastructure that has been established.