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FinMin leaves FY2020-2021 GDP growth figures unchanged from pre-covid expectations
BUDGET WATCH- In a climate of global uncertainty, the Finance Ministry is leaving its projection for FY2020-2021 GDP growth unchanged…
IIF downgrades Egypt’s 2020 growth forecast to 2.7%
IIF downgrades Egypt’s 2020 growth forecast to 2.7%: The Institute of International Finance (IIF) has revised downward its projection for…
Egypt cuts GDP growth forecast to 5.1% from 5.6% in FY 2019-2020
Gov’t revises downwards economic growth forecast this fiscal year to 5.1%: The government has cut its GDP growth forecast for…
Business activity in US, Europe sucker punched as manufacturing and services suffer record blow
Business activity in US, Europe sucker punched as manufacturing and services suffer record blow: Business activity has hit record lows…
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year -Capital Economics
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year, before bouncing back in 2021, says Capital Economics: Egypt could…
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap: Around one third of private consumption in Egypt “could…
Strong FX reserves, fiscal reform to mitigate short-term headwinds on Egypt’s external account -Fitch Ratings
Strong FX reserves, fiscal reform to mitigate short-term headwinds on Egypt’s external account -Fitch Ratings: Strong international reserves and the…
What we’re tracking on 3 March 2020
Global markets including the EGX held their ground yesterday after the worst week of losses since the global financial crisis.…
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