A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience.
Covering December 25 to December 31.
Egypt expects to receive the fifth tranche of its three-year international monetary fund (IMF) loan program, worth $2 billion, in January 2019, the presidency said in a statement on Sunday, Reuters stated.
Headline inflation decreased to 15.7% in November 2018 from 17.7% in October 2018, while core inflation fell to 7.9% in November 2018 from 8.9% in October 2018, according to the CBE.
Egypt’s total public revenues reached EGP 805.7 billon during FY 2017/18, while the total expenditure recorded EGP 1.229 trillion, making total deficit reach EGP 432 billion, reported Amwal Al Ghad.
Egypt’s trade deficit increased by around 4.5% reaching -9.3 in Q4 FY 2017/18, compared to -8.9 in Q4 FY 2016/17, according to the CBE.
Egypt’s trade with China, Malaysia, Indonesia, India, Bangladesh, Pakistan, Singapore and Thailand increased by 41.2% reaching EGP 342.5 billion in 2017, compared to EGP 201.3 billion in 2016, Amwal Al Ghad reported.