Country Insight: Egypt – August 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.
Tags:
Related Services
Post
Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.
Find Out More
Post
APAC Key themes 2024 – A year of living cautiously
In 2024, the main influence on Asia is likely to be a global slowdown, particularly in China and the US. Moreover, governments have limited policy space to deal with these headwinds. Other negative influences, however, are set to ease further, including domestic inflation, external pressure on interest rates, and softening semiconductor prices. Overall, we expect a bumpy year as issues become more country-specific and policy responses and economic outcomes diverge.
Find Out More