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Global Macro-Market Outlook

Egypt: September 2010 Outlook Update

Global Economics Outlook, GDP and CPI data for Egypt

  • Domestic demand remains the most important growth driver for 2010 and 2011.
  • Higher food prices could feed through to core inflation and put pressure on the government’s fiscal accounts, which may delay fiscal consolidation.
  • Political and policy uncertainty from the election cycle may constrain capital inflows, but we do not expect any major regime or policy change.

Outlook Update: Domestic Demand Driven

Egypt’s economy continued to outperform its regional peers, accelerating to 5.9% y/y in H1 2010. RGE now forecasts growth of 5.7% in 2010, marginally higher than posited in[...]

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