Skip to main content

Egypt election, Dubai debts, CE Spotlight

The confirmation that Egypt’s presidential election has been moved forward to December is likely to keep the policy shift toward economic orthodoxy on pause for the time being. Our best guess now is that a pound devaluation will occur shortly after the election at the MPC meeting on 21st December, If officials don’t move quickly, it would significantly raise the threat of sharp and disorderly falls in the pound and the risk of a sovereign default. Elsewhere, Dubai’s sovereign debt risks have eased, but we are more concerned about still-large debts among government-related entities. And finally, our Spotlight series on implications of AI for economies and markets was released earlier this week. Click here to read the report.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access