Middle East & North Africa Economics

Middle East Data Response

9 September, 2015

Egypt Balance of Payments (FY 2014/15)

The whopping increase in Egypt’s current account deficit in the last fiscal year is likely to grab the headlines. But there is more to this than meets the eye. It largelyreflects an accounting issue related to the way the Gulf States provided financial support rather than a fundamental deterioration in Egypt’s external position.

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