Egypt’s economy disappoints in Q1
The pick-up in Egypt’s GDP growth from 0.4% y/y in Q4 to 5.2% y/y in Q1 was flattered by favourable base effects. Indeed, on a seasonally adjusted basis, we estimate that output contracted by 1.4% q/q during the first quarter....
Chief Global Economist
Chief Emerging Markets Economist
Senior Emerging Markets Economist
Middle East Economist