Egypt stands out in this week’s On the Frontiers column in the Wall Street Journal

Egypt stands out in this week’s On the Frontiers column in the Wall Street Journal, which features a mini-interview with Birch Reynardson, PM at London-based Somerset Capital. On Omm El Donia, which he says has been “a great contributor” to his portfolio: “They’re executing most of the target structural reforms that they instigated a year ago so they’ve managed to reduce the current account deficit and inflation looks like it’s peaking. So the fundamentals are improving, but it’s still a very vulnerable environment in terms of the lack of positive sentiment on the ground. Growth in the near term is more likely to be driven by industrial-led projects and funded through FDI rather than domestic consumption.”