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 partial curfew, suspension of air travel, and closure of restaurants to in-house customers, Renaissance Capital said in a research note yesterday. Private consumption accounts for around 80% of Egypt’s nominal GDP, and non-food retailers are already hurting from these measures which has slowed down customer traffic, RenCap says. The investment bank points to travel receipts and Suez Canal revenues — which together account for 5% of nominal GDP — as also being vulnerable to a slowdown.