Skip to main content

Egypt and the IMF, OPEC+ extension, Saudi case surge

Egypt’s new IMF deal, coupled with May’s weak consumer price figures, has provided space for the central bank to resume its easing cycle at the MPC meeting later this month. Meanwhile, the extension of the OPEC+ oil output cut should support oil prices going forward, but Saudi Arabia appears to be increasingly impatient with non-compliant countries. And there is a risk that the country could pull out of the deal if other producers renege on their commitments. And finally, the Saudi authorities’ decision to reimpose lockdowns in parts of the country should help to contain the fresh spike in coronavirus cases, but the economic recovery may be slower and bumpier than we’d previously thought.

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