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

Japanification risk – down, but not out

Our updated analysis shows that the risk of 'Japanification' – a lengthy period of low growth and low inflation or deflation – has increased in Asian economies like China but declined in Europe. However, some of the changes may not be permanent. Economies are still settling down after the upheavals of the pandemic and some key underlying drivers of Japanification remain in place.

Find Out More
Flags of US and Canada

Post

Trump’s tariffs on Canada would raise regional commodity prices

A blanket 25% tariff on Canadian imports to the US could have a significant impact on commodity prices, squeeze profit margins of Canadian exporters and raise prices for US end-users.

Find Out More