The post-covid recovery in Egypt and MENA continues to be “uneven and incomplete” despite progress made in the region since the start of the year and a slightly more optimistic growth outlook, the IMF said in an update to its Regional Economic Outlook for the Middle East and Central Asia. The fund says that recovery will be especially uneven in emerging and middle-income countries in MENA, with countries that had made strong progress in vaccination (including Joran, Morocco and Tunisia) likely to recover quicker than those with more sluggish rollouts.

Highlights for Egypt: The report says we’re making progress on economic growth and employment — but that we lag the GCC countries in vaccine rollout. It also suggests we’re in a group of regional countries whose debt levels will eventually be lower than they were pre-pandemic.

Tap / click here to read the full report (pdf) — or check this afternoon’s Macro Picture in EnterprisePM, where we will have a full rundown on the report.