Employees in Egypt, Albania, and the UK can apparently kiss their 2018 pay raises goodbye, as HR consultancy Korn Ferry predicts that raises will be offset entirely by inflation and price hikes. “In Egypt, top-line salaries will increase by 15%, but an 18.8% inflation rate means employees will see a cut in real wages of -3.8%.” It’s not looking that great for the rest of the world either. You can read a detailed summary of the report here or play with their salary forecast tool, but be warned that you’ll need to give them tons of personal information as a marketing lead before you get your data.

Also from the Department of Prognostication: Banks in Egypt, Morocco, and Nigeria are expected to perform better than their counterparts elsewhere in the continent in 2018, according to Banks — Africa, 2018 Outlook (paywall), a report now out from Moody’s (press release here). The report has an overall negative outlook on the African banking sector in 2018, a reflection of “high macroeconomic risks that expose banks to asset quality pressures, reduced government support and sovereign, credit risk.”