Jun 17, 2011
| Last Updated
- Political risks and mixed messages will keep investors on the sidelines and undermine growth drivers.
- External finance will facilitate government expenditure—the main driver of growth.
- Monetary policy will remain on hold as weaker core inflation allows the central bank to maintain an expansionary stance.
Macroeconomic Dynamics: Still Hampered by Political Uncertainty
The political situation continues to cast a shadow over Egypt’s economic outlook and the country will—at best—grow by 0-1% in 2011 and 2.5% in 2012. Almost all components of economic growth plunged in H1 2011,[...]
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