Research Briefing | Apr 25, 2021

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.

Ipad Frame (29)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.
Back to Resource Hub

Related Services

Post

United States: Student loan payments are less concerning going forward

Despite last summer's US Supreme Court decision, the Biden administration has forgiven $153bn in student loan debt through piecemeal actions. This, combined with a new, more generous income-driven repayment plan and a yearlong grace period following the end of the pandemic-era pause on student loan payments, has reduced the amounts borrowers in the aggregate are paying back to the Department of Education.

Find Out More

Post

UK: Supply constraints are probably less prominent in the south

The extent to which UK employers can respond to likely 2024 interest rate cuts with increased output, rather than rises in prices and wages, will partly reflect the extent of spare capacity. This will inevitably vary by region. Evidence on this is imperfect, but in terms of capital assets (including intangibles) and labour availability, southern regions appear to be in a stronger position than those in the UK's traditional industrial heartland.

Find Out More