Egypt's Prime Minister Moustafa Madbouly met on Monday with members of the Macroeconomic Advisory Committee to review recent economic performance and discuss measures to improve living standards amid signs of continued recovery. Madbouly said the government would maintain regular consultations with the committee to track macroeconomic developments and the progress of ongoing reforms. He noted that Egypt's key indicators were "moving in a positive direction," supported by international assessments, and stressed that the government's priority was to ensure citizens "feel the tangible benefits" of recent improvements. Committee members cited recent reports by Fitch Ratings, which in August pointed to Egypt's gradual economic recovery following years of pressure. The agency projected inflation to fall to 14 per cent by the end of 2025 and to 10 per cent in 2026, creating scope for further monetary easing. Fitch also said Egypt's policies continue to balance reform with social stability and that external debt is on a downward trend. Advisers said the positive outlook was expected to continue in the coming years, barring external shocks, while underscoring the need to expand the industrial sector's contribution to gross domestic product. The meeting also discussed the National Narrative for Economic Development, which aligns with Egypt Vision 2030, the Government Action Programme, the State Ownership Policy Document, and the National Structural Reform Programme. Committee members emphasised that economic progress must translate into real gains for citizens, urging closer analysis to identify the most effective mechanisms to link macroeconomic performance with improvements in living standards. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
