{"id":652651,"date":"2017-01-16T04:03:09","date_gmt":"2017-01-16T04:03:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/"},"modified":"2017-01-16T04:03:09","modified_gmt":"2017-01-16T04:03:09","slug":"egypt-set-for-slow-recovery-this-year-nbk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/","title":{"rendered":"Egypt set for slow recovery this year -NBK"},"content":{"rendered":"

Despite the currency shortage and tourism that failed to recover in 2016, the government is on the right track with much-needed reform to push growth towards its potential<\/strong>, CPI Financial<\/a> writes in what reads like a summary of a research note. Egypt\u2019s fiscal and monetary policy are expected to tighten in 2017, and while \u201cthis will no doubt put pressure on growth, though we expect this pressure will be more than offset by an increase in foreign investment, exports and tourism,\u201d NBK said. The float should boost competitiveness of the exports and tourism sectors, while a cheaper EGP will encourage the return of foreign investors. Authorities will be tempted to limit the tightening of fiscal and monetary policy to minimize potential severe short-term economic and social impact. However, the massive fiscal and investment support currently pledged to Egypt by the IMF and others is largely conditional on the progress of reforms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the currency shortage and tourism that failed to recover in 2016, the government is on the right track with much-needed reform to push growth towards its potential, CPI Financial writes in what reads like a summary of a research note. Egypt\u2019s fiscal and monetary policy are expected to tighten in 2017, and while \u201cthis […]<\/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-652651","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f1993c09-95f3-4e27-87d0-04a4bde6c9be","order":"0","is_powered_by":true,"section_story_id":"4329a630-ceb1-46cf-8741-1851b8145140","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652636],"teaser":"","voice_url":""},"yoast_head":"\nEgypt set for slow recovery this year -NBK - 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\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt set for slow recovery this year -NBK\" \/>\n<meta property=\"og:description\" content=\"Despite the currency shortage and tourism that failed to recover in 2016, the government is on the right track with much-needed reform to push growth towards its potential, CPI Financial writes in what reads like a summary of a research note. Egypt\u2019s fiscal and monetary policy are expected to tighten in 2017, and while \u201cthis […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-16T04:03:09+00:00\" \/>\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\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt set for slow recovery this year -NBK\",\"datePublished\":\"2017-01-16T04:03:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\"},\"wordCount\":158,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/egypt-set-for-slow-recovery-this-year-nbk\/\",\"name\":\"Egypt set for slow recovery this year -NBK - 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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\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":570873,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/21\/sp-affirms-egypts-sovereign-credit-rating-at-b-outlook-at-stable-despite-covid-19-crisis\/","url_meta":{"origin":652651,"position":2},"title":"S&P affirms Egypt\u2019s sovereign credit rating at B, outlook at stable, despite covid-19 crisis","author":"enterpriseam admin","date":"21 April 2020","format":false,"excerpt":"S&P maintains Egypt\u2019s B credit rating with stable outlook despite covid-19 crisis: S&P Global Ratings has maintained Egypt\u2019s B credit rating and its outlook at stable despite forecasting a \u201csharp decline\u201d in economic activity due to the covid-19 pandemic. \u201cThe stable outlook reflects our expectation that the fall in Egypt\u2019s\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\/4\/164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543602,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/tourism-recovery-gas-exports-driving-5-5-growth-this-fiscal-year-world-bank\/","url_meta":{"origin":652651,"position":3},"title":"Tourism recovery + gas exports driving 5.5% growth this fiscal year -World Bank","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"World Bank says tourism rebound, gas exports driving strong growth in Egypt: The World Bank has laid out the drivers for its January prediction that our economy will grow5.5% in FY2021-2022, pointing to a recovery in the tourism sector and rising gas exports. \u201cA gradual return of tourists, continued growth\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\/2\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596260,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/22\/global-slowdown-could-hit-economic-growth-sources\/","url_meta":{"origin":652651,"position":4},"title":"Global slowdown could hit economic growth -sources","author":"enterpriseam admin","date":"22 August 2019","format":false,"excerpt":"EXCLUSIVE- Global slowdown could hit economic growth -sources: The Finance Ministry could revise down its growth projections to 6% from 6.5% due to the global economic slowdown, two government sources told us. 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