{"id":628036,"date":"2018-06-24T04:29:36","date_gmt":"2018-06-24T04:29:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/"},"modified":"2018-06-24T04:29:36","modified_gmt":"2018-06-24T04:29:36","slug":"economists-are-also-warning-of-too-much-reform-in-too-little-a-time","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/24\/economists-are-also-warning-of-too-much-reform-in-too-little-a-time\/","title":{"rendered":"Economists are also warning of too much reform in too little a time"},"content":{"rendered":"

<\/a> Economists are warning of a bit too much reform, a bit too fast:<\/strong> The prices of fuel, electricity, water and metro tickets have risen back-to-back over the past couple of months, prompting a number of economists speaking to Reuters<\/a> to warn that the rapid pace of the reforms could lead to high inflation \u201cthat would crimp consumption, put off a quick recovery and deter potential investors.\u201d Among them is our friend Mohamed Abu Basha, lead economist at EFG Hermes, who warned too many reforms at once might fail to quickly revive the ailing economy. \u201cTypically in fiscal consolidation the risk is that you enter a period of stagnation,\u201d Abu Basha said. \u201cYou do a lot of reforms but they weigh too much on the economy\u2019s capacity to grow.\u201d<\/p>\n

Nonetheless, we\u2019re headed in the right direction in the long run, especially when foreign direct investment is concerned.<\/strong> \u201cIn the grand scheme of things, whatever harsh austerity measures are being put in place today, they lay a very strong foundation for private-sector-led growth over the coming five years,\u201d said Hany Farahat, senior economist at Egyptian investment bank CI Capital. \u201cNo investor will come to Egypt if there is a risk of overspending or over-borrowing, which risk pressure for devaluation of the currency and an outflow of capital,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"

Economists are warning of a bit too much reform, a bit too fast: The prices of fuel, electricity, water and metro tickets have risen back-to-back over the past couple of months, prompting a number of economists speaking to Reuters to warn that the rapid pace of the reforms could lead to high inflation \u201cthat would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-628036","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"df65e825-450f-4737-aef8-9552c08bf292","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[628029],"teaser":"","voice_url":""},"yoast_head":"\nEconomists are also warning of too much reform in too little a time - 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The\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\/2018\/11\/1115.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":605176,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/24\/egypts-central-bank-to-hold-rates-on-thursday-amid-tamed-inflation\/","url_meta":{"origin":628036,"position":2},"title":"Egypt\u2019s central bank to hold rates on Thursday amid tamed inflation","author":"enterpriseam admin","date":"24 December 2018","format":false,"excerpt":"EXCLUSIVE- Enterprise poll of economists sees CBE leaving interest rates unchanged on Thursday: The central bank will likely keep its key interest rates on hold when its monetary policy committee meets on Thursday, an Enterprise poll of 10 economists found. Citing a recent drop in inflation, the economists and analysts\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628417,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/business-leaders-watching-egypt-expect-investments-to-take-off-as-reforms-bear-fruit\/","url_meta":{"origin":628036,"position":3},"title":"Business leaders watching Egypt expect investments to \u201ctake off\u201d as reforms bear fruit","author":"enterpriseam admin","date":"3 May 2018","format":false,"excerpt":"Business leaders and analysts watching Egypt expect investment to \u201ctake off\u201d as the government\u2019s reform program begins to bear fruit, writes the Financial Times\u2019 Heba Saleh as part of a special series of reports on investing in the Arab world. 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