Analysis by Region - Africa - Egypt
Description
Analysis by Region - Africa - Egypt
The Russia-Ukraine war threatens the Egyptian economy through food shortages and soaring commodity prices. Rising global prices for essential goods such as fuel and food will filter through to consumer price inflation. Furthermore, an exodus of dollars amid shifting EM sentiment coupled with a growing import bill also pose a serious threat to the external position. Against this backdrop, we have cut our real GDP growth forecast by 0.3 ppts to 4.6% this year, from 4.9% in the February forecast round.
The Russia-Ukraine war threatens the Egyptian economy through food shortages and soaring commodity prices. Rising global prices for essential goods such as fuel and food will filter through to consumer price inflation. Furthermore, an exodus of dollars amid shifting EM sentiment coupled with a growing import bill also pose a serious threat to the external position. Against this backdrop, we have cut our real GDP growth forecast by 0.3 ppts to 4.6% this year, from 4.9% in the February forecast round.
Table of Contents
6 Pages
- Egypt: Price pressures weigh on consumer demand
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Background
- Economic development
- Structure of the economy
- Balance of payments
- Policy and politics
Pricing
Currency Rates
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