The International Monetary Fund (IMF) has upgraded its forecasts for Egypt’s real gross domestic product (GDP) growth for the fiscal year (FY) 2024/2025 by 0.2%, expecting it to hit 4%, according to the World Economic Outlook (WEO) report for July 2o25.

Gold prices fell to their lowest levels in more than a week on Thursday, May 29th, after a US federal court blocked President Donald Trump's "reciprocal tariffs".

The US and China reached an agreement for a 90-day pause on trade tariffs.

Gold prices recorded a surge on Wednesday, as geopolitical tensions in the Middle East

Egypt's external trade dynamics are currently shaped by a complex mix of exports and imports, influencing its economy. With major exports including agri-food products, cotton, and chemicals, while significant imports include wheat and energy, the trade balance reflects both opportunities and challenges.

The government is expected to increase electricity tariffs in July 2023, according to a plan to gradually lift subsidies. The government adopted this plan in 2014 to totally have unsubsidized tariffs by 2025. Egypt delayed the planned increase until 2022 and it has not been raised to the moment. With rumors that electricity tariffs could increase in July 2023, economists and citizens are awaiting any expected climbing prices.