Egypt Economic Outlook
October 3, 2017The economy continues to firm up, thanks to the government’s bold reform agenda and improved international competitiveness due to a weaker pound. In August, the non-oil private sector PMI climbed closer to positive territory on the back of greater new export orders, and international reserves rose for the eleventh straight month to USD 36.5 billion in September, signaling renewed investor confidence. In September, the IMF praised the government’s progress on structural reforms, which have included new investment and licensing laws designed to attract more foreign investment. As a result, the country is likely to receive the third tranche of bailout funding following a second program review in November this year. However, inflation is painfully high, fanned by recent fuel and electricity subsidy cuts and a rise in VAT, which is hurting Egyptian consumers and dampening private consumption.
Egypt Economy Data
5 years of Egypt economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||15.65||0.32 %||Oct 16|
|Exchange Rate||17.63||0.03 %||Oct 16|
|Stock Market||1,283||-2.14 %||Oct 16|
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Egypt Economic Growth
October 3, 2017The economy should gather speed going forward. Recent laws designed to enhance the business environment are likely to boost investment, while consumer spending should recover as inflation declines and the depreciated pound boosts exports. FocusEconomics analysts expect GDP to expand 4.1% in FY 2018, up 0.1 percentage points from last month’s forecast, and 4.6% in FY 2019.
Egypt Economic News
October 12, 2017
In September, urban consumer prices rose 1.00% from the previous month, down from August’s 1.13% rise.
October 3, 2017
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) fell from 48.9 in August to 47.4 in September, thus moving further away from the 50-point threshold that separates contraction from expansion in the non-oil producing private sector.
September 29, 2017
At its 28 September monetary policy meeting, the Central Bank of Egypt (CBE) kept interest rates steady following substantial monetary tightening earlier this year in order to keep a lid on inflation.
September 26, 2017
In August, urban consumer prices rose 1.13% from the previous month, down sharply from July’s 3.22% increase, which was underpinned by a VAT hike and fuel subsidy cuts.
September 25, 2017
The Emirates NBD Egypt Purchasing Managers’ Index (PMI) rose from 48.6 in July to 48.9 in August, edging closer to the 50-point threshold that separates contraction from expansion in the non-oil producing private sector.