National Bank of Kuwait expects Egypt growth to maintain strong momentum

And while we’re basking in this glow of macro positivity, here’s one more: NBK expects Egypt growth to maintain strong momentum. Public investment spending, rebounding tourism and increasing natural gas output will help the Egyptian economy maintain its strong growth momentum in 2019, according to a research note by the National Bank of Kuwait. Tourism and exports have partially rebounded thanks to the flotation of the currency, the lender noted. GCC economies are expected to grow 2.3% in 2019 and 2.6% in 2020.