Africa Country Insight: Egypt
Egypt has proven to have one of the most resilient emerging market economies on the globe in the face of the crisis sparked by Covid-19, but the economy is struggling to gain traction this year. Meanwhile, signs of a third wave of Covid-19 infections are emerging, which, coinciding with the holy month of Ramadan, could necessitate a tightening in restrictions in coming weeks.
What you will learn about:
- Cairo is by far Africa’s largest city consumer market, with an estimated 5% of total household spending on the continent taking place in that city in 2020.
- Egyptian consumer spending is expected to soften over the next two years following a remarkable performance last year.
- Political repression contributes to long-term political risk at home and can result in reputational risk for companies investing or operating in the country.
Tags:
Related Services
Post
Europe: Among major southern cities, Madrid looks strongest
We are cautiously optimistic about the medium-term outlook for Europe's cities as a whole, but less sanguine about southern European cities than most others. They have tended to underperform in the past and will probably do so in the future. Madrid, the largest, has the strongest growth prospects of the larger cities.
Find Out More