Capital Economics’ James Swanston was quoted saying “The overall net impact is that economic growth will be weaker this fiscal year,” highlighting tighter fiscal and monetary policy and a weakened EGP
The IMF also emphasized the need for emerging markets, like Egypt, to manage risks associated with currency and capital flow volatility
In its Economic Impact Research (EIR) report for 2024, the WTTC explained that, across sector jobs, international and domestic visitor spending, the sector fully recovered last year to reach record-breaking levels
Foreign investments in Egyptian treasury bills surged in March by around 140%, rising to $32.7 billion compared to $13.6 billion recorded in February, revealed new data from the Central Bank of Egypt (CBE)
The report noted that private consumption in Egypt is estimated to climb as inflation continues its downward trend and increased remittances from abroad
