• Thursday, 25 June 2020

    IMF forecasts deeper recession, slower recovery as virus fears linger

    YOUR DAILY DOSE OF GLOOM- IMF forecasts deeper global recession, slower recovery as virus fears linger: The global economy will suffer a deeper recession than previously expected as the pandemic continues to intensify in some parts of the world, and...
  • Thursday, 26 March 2020

    Business activity in US, Europe sucker punched as manufacturing and services suffer record blow

    Business activity in US, Europe sucker punched as manufacturing and services suffer record blow: Business activity has hit record lows in the US and Europe, according to preliminary IHS Markit composite PMIs, an early indicator of the damage wrought by...
  • Wednesday, 25 March 2020

    Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap

    Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap: Around one third of private consumption in Egypt “could be hit hard” by the government’s measures to curb the spread of the covid-19 virus in the country, including the...
  • Tuesday, 17 March 2020

    What we’re tracking on 17 March 2020

    The Central Bank of Egypt slashed interest rates 300 bps in a surprise move yesterday evening — the same day that global markets plunged (the Dow was off 13% and the EGX fell a bit more than 7%), volatility hit...
  • Sunday, 1 March 2020

    Global equities markets have worst week since 2008 on covid-19 fears

    Global equities markets have worst week since 2008 on covid-19 fears: Global equity markets were a sea of red on Friday as growing fears that a covid-19 pandemic could both stall economic growth and hurt corporate earnings caused investors to...
  • Sunday, 1 December 2019

    Egypt in the news on 1 December 2019

    International reaction to last week’s raid on Mada Masr continues to roll in: It’s the Economist’s turn to give its two cents in a piece that calls the raid a “warning” that reveals the state’s concerns over the continued existence...
  • Tuesday, 12 November 2019

    Finance Ministry eyes 6.4% growth in FY 2020-2021

    BUDGET WATCH- FinMin says it’s targeting 6.4% growth, 6.2% deficit next fiscal year: The Finance Ministry is eyeing GDP growth of 6.4% in FY2020-2021, up from a targeted 6% for the current fiscal year, according to the ministry’s preliminary budget...
  • Thursday, 31 October 2019

    Egypt ranked near bottom of ‘Economy Drivers and Disrupters’ report

    Egypt has work to do to better capitalize on its growth drivers: Egypt is not positioning itself to capitalize on the traditional drivers of development and harness disruptive forces, according to an overview of The New Economy Drivers and Disrupters...
  • Thursday, 31 October 2019

    GDP grows 5.6% in 1Q2019-2020 mainly fueled by five sectors

    What’s driving Egypt’s 5.6% GDP growth in 1Q2019-2020? The retail, agriculture, industrial, real estate, and telecoms sectors contributed the most to Egypt’s 5.6% GDP growth registered in 1Q2019-20, Planning Minister Hala El Said told cabinet yesterday. The sectors contributed to...

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