Central banks in the Gulf are set to hike interest rates next week in line with the Fed, and we think that the Central Bank of Egypt will join the party and resume its tightening cycle next Thursday. Elsewhere, Tunisia is facing growing shortages of some foodstuffs and fuel as the country’s balance of payments problems intensify. An IMF deal is much needed, but there is still a lot of work to do before that materialises. A sovereign debt restructuring will be required too, but this is likely to be a lengthy and complex process.
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