Egyptian PM lauds EU partnership, World Bank financing in bolstering economic reforms and stability.
Optimism for the non-oil private sector witnessed a decline to 52.1 from December's 55.1, but still above November 2023’s record low of 50.9
On a more positive note, S&P believes that the International Monetary Fund (IMF) could release the postponed disbursements of its $3 billion loan to Egypt, subject to an exchange rate adjustment
Confidence in activity growth was up from a record-low in November despite activity shrinking for the 37th month - an index of below 50 is considered a contraction - to hit 55.1 from November's 50.9
From the EBRD’s most optimistic view of Egypt’s growth to the lowered expectations of the IIF, a diverse range of forecasts paints a complex picture of the country’s potential growth in the coming year as the country faces numerous external geopolitical and economic shocks.
