Middle East & North Africa Economics

Middle East Economics Update

23 May, 2018

Egypt: near-term outlook is bright

Egypt’s economy has weathered the fallout from the pound’s devaluation in late-2016 and, as fiscal consolidation slows and inflation and interest rates drop back, growth should remain robust over the next couple of years. We expect that the economy will expand by 5.3-5.5% in 2018-20, which is a significantly better performance than most of the period since the 2011 revolution.

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