66238
Egypt on Course
Egypt on Course

Egypt on Course

Egypt on Course

The near-term outlook for Egypt is positive. There has been a turnaround in Egypt’s external vulnerabilities, with strengthening foreign exchange reserves accumulation, stated Deutsche Bank Markets Research in a recent special report, Yahoo reported. The report noted that FX reserves grew to $28.6 billion in April, adding that the Egyptian pound has seen a 0.39% quarter-to-date gain. The DB pointed out that, in parallel to this quarter-to-date gain, Egypt’s GDP growth is likely to have reached 3.9% in the first quarter of 2017, and the International Monetary Fund estimates that the primary fiscal deficit has fallen by 2%, from 4% in 2015/2016 (overall deficit stood at 12% in 2015/2016, according to the IMF). The ministry of finance has drafted an ambitious budget for 2017/2018 that is now under review by the parliament. The report, which focused on Egypt’s outlook in terms of different indicators, including both the targets achieved and the risks and expectations in the future, noted that risks to the outlook stem from reform fatigue and high inflation.

 

Short URL : https://goo.gl/FVeh01
  1. https://goo.gl/lXzLqg
  • https://goo.gl/l8mqKe
  • https://goo.gl/xU3lRZ
  • https://goo.gl/zuOXzc
  • https://goo.gl/3swfTT

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus