Latest in Tag: Focus Economics Highlight
Latest in Tag: Focus Economics
Egypt’s GDP is projected to expand 2.6% in fiscal year (FY) 2020/21, and 5.1% in FY 2021/22, Focus Economics has revealed.
The coronavirus has spurred fears of a global recession. According to Focus Economics’ survey, 64% of panellists now expect a global recession in the next 12 months, up from 43% in last week’s poll, despite the slew of fiscal and monetary stimulus measures announced in recent days.
Strong economic growth should stoke price pressures ahead
State’s public debt to record 85.2% of GDP in current FY, Focus Economics forecasts
Focus Economics forecasts overnight deposit rate to end CY 2019 at 14.47%, CY 2020 at 12.93%
IMF may make $2bn financial grant available to Egypt, praised government for its recent reform efforts
Improved investor sentiment was evident by a surge in international reserves in July
Purchasing Managers’ Index rose in April to its highest levels in 9 months
The company expects the economy to expand at a more moderate pace of 3.0% in fiscal year 2017, 3.8% for 2018
Focus Economics forecasts an average inflation of 20.1%, 13.6% for calendar years of 2017 and 2018 respectively
Fastest growth expected for Egypt, Israel with projected GDP expansion of 3.1%, 2.6% respectively