{"id":624369,"date":"2018-09-06T03:50:34","date_gmt":"2018-09-06T03:50:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/"},"modified":"2018-09-06T03:50:34","modified_gmt":"2018-09-06T03:50:34","slug":"external-shocks-have-hindered-egypts-economic-growth-says-maait","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/","title":{"rendered":"External shocks have hindered Egypt\u2019s economic growth, says Maait"},"content":{"rendered":"

<\/a> **#2 Egypt\u2019s economy would have grown much faster had it not been for external shocks<\/strong> including high oil prices, rising rates in the US, and a strengthening USD, Finance Minister Mohamed Maait tells CNBC in an interview (watch, runtime: 3:35<\/a>). \u201cWe are able to absorb some of the shocks. Others have more of a negative effect,\u201d he said, adding that there is a limit to how much Egypt can sustain. \u201cHopefully what is happening now will be corrected and we\u2019ll move into a stable position.\u201d Despite that, Egypt is \u201cstill on track,\u201d with unemployment levels dropping, GDP growth rising, and the budget deficit narrowing, according to Maait.<\/p>\n

Controlling public debt is also a top priority for the government<\/strong>, Maait added. The minister said on Monday<\/a> that the government was working on a new policy package to bring debt levels down. Proposed measures, which will be announced within weeks, include caps on external and internal borrowing and further structural reform.<\/p>\n","protected":false},"excerpt":{"rendered":"

**#2 Egypt\u2019s economy would have grown much faster had it not been for external shocks including high oil prices, rising rates in the US, and a strengthening USD, Finance Minister Mohamed Maait tells CNBC in an interview (watch, runtime: 3:35). \u201cWe are able to absorb some of the shocks. Others have more of a negative […]<\/p>\n","protected":false},"author":1,"featured_media":624370,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-624369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8432c10a-dd29-4495-9971-3f695bf76ba6","order":"0","is_powered_by":true,"section_story_id":"7768b586-b40f-4f99-b296-84315aaee3dc","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/9\/415.jpg","photo_position":"above","related_issue":[624362],"teaser":"","voice_url":""},"yoast_head":"\nExternal shocks have hindered Egypt\u2019s economic growth, says Maait - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"External shocks have hindered Egypt\u2019s economic growth, says Maait\" \/>\n<meta property=\"og:description\" content=\"**#2 Egypt\u2019s economy would have grown much faster had it not been for external shocks including high oil prices, rising rates in the US, and a strengthening USD, Finance Minister Mohamed Maait tells CNBC in an interview (watch, runtime: 3:35). \u201cWe are able to absorb some of the shocks. Others have more of a negative […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-06T03:50:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"External shocks have hindered Egypt\u2019s economic growth, says Maait\",\"datePublished\":\"2018-09-06T03:50:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\"},\"wordCount\":169,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/9\/415.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/06\/external-shocks-have-hindered-egypts-economic-growth-says-maait\/\",\"name\":\"External shocks have hindered Egypt\u2019s economic growth, says Maait - 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talks for a fresh assistance program, Finance Minister Mohamed Maait said in a round of interviews yesterday. \u201cLike any talks, there are two different perspectives, and we agreed on some points and disagreed on other points,\u201d the minister told Al\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/301.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567141,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/debt-servicing-seen-as-significant-headwind-for-egypts-recovery-moodys\/","url_meta":{"origin":624369,"position":1},"title":"Debt servicing seen as significant headwind for Egypt\u2019s recovery -Moody\u2019s","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Egypt\u2019s debt service burden could be a significant headwind to our economic growth -Moody\u2019s: The country\u2019s economic growth agenda could be threatened by the government\u2019s interest bill \u2014 estimated at 9% of GDP in FY2019-2020 \u2014 \u201cwhich adds rigidity to the budget,\u201d Moody\u2019s said in its North Africa 2020 outlook\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/592.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621897,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/egypts-budget-deficit-narrowed-to-1-9-in-1q18-19\/","url_meta":{"origin":624369,"position":2},"title":"Egypt\u2019s budget deficit narrowed to 1.9% in 1Q18-19","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"Egypt\u2019s budget deficit narrowed slightly to 1.9% during the first quarter of FY2018-19, down from 2% during the same 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