Research Briefing | Aug 31, 2021

Country Insight: Egypt – August 2021

Ipad Frame-Africa-Country-Insight-Egypt-Aug-2021

The Egyptian economy has proven resilient in the face of the Covid-19 pandemic, but more recent PMI figures suggest that the recovery has since stagnated. The Delta variant has only recently been detected within Egypt’s borders, but the threat of a fourth wave of infections is real.

What you will learn from this report:

  • The rollout of vaccinations has slowed and sudden efforts to ramp up the vaccination campaign probably won’t stave off a fourth wave of infections, which is expected in September.
  • Consumer spending – which was already a key driver of economic growth in pre-pandemic times − has been supported by an accommodative monetary policy stance since the start of the pandemic.
  • The tourism sector is expected to reach 2019 levels by 2024, but a faster-than-expected rollout of the domestic and global inoculation drive could see adjustments to this outlook.
Back to Resource Hub

Related Services

Post

Office employment growth most substantial in Asian Cities

Major cities in the emerging global south are becoming more specialised in office-using sectors, which currently account for more than 30% of total city GDP across the world, generating more than $15 trillion in 2024, and employing over 165 million jobs.

Find Out More

Post

Pacific Northwest to withstand challenges and lead growth

The Pacific Northwest’s robust economy is forecast to continue to outperform over the next few years. A large presence of high-growth tech and manufacturing sectors supports the region's largest cities—Seattle, Portland, and Boise.

Find Out More