Egypt is the second-largest economy in the Arab World, with a GDP in excess of $229bn and a domestic market of 85m people. However, its performance over the past year has been turbulent, thanks to the significant political transformation the country has undergone. The complicated process has had broad macroeconomic consequences for Egypt, reducing capital inflows by roughly 75% in 2011 and...
Egypt Economy
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Chapter | Country Profile from The Report: Egypt 2012
This section provides an overview of Egypt’s geography, history, government, foreign relations, population and language, as well as a discussion of the most recent elections and some of the more prominent socioeconomic issues. The chapter includes a viewpoint from President Mohamed Morsy, along with interviews from William Hague, UK Secretary of State for Foreign and Commonwealth Affairs; and...
Economic update | Egypt: Lifting the economy
4 Sep 2012
These may be tough times for the Egyptian economy, but healthy long-term fundamentals and sound monetary policy bode well for the future. Indeed, the decision by Egypt’s central bank to keep rates on hold is a clear sign of its policy of prioritising growth in 2012.
Economic update | Egypt: Looking abroad
14 Jun 2012
Industrial firms in Egypt are beginning to focus their efforts on expanding further afield, as the domestic economy is still somewhat shaky on the back of local political instability and the faltering international economy. Meanwhile, the government is promoting local industry and goods in foreign markets to draw in more foreign currency to support the national economy.
Economic update | Egypt: Foreign benefits
26 Apr 2012
Although a number of Egypt’s other major revenue earners may have suffered following the ouster of former President Mubarak, foreign remittance inflows have weathered the instability fairly well, totalling roughly $14.3bn in 2011, according to the central bank.
Economic update | Egypt: Economic balancing act
7 Mar 2012
Egypt’s government is working to obtain support for a new economic reform package it has prepared to qualify for a $3.2bn loan from the International Monetary Fund (IMF), though it may be a difficult task to convince opposition leaders and the public to back the plan.