A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.

April 2 to April 8 Coverage:

The World Bank investment portfolio in Egypt reached $6.7 billion via investing in 16 projects, the Egyptian Ministry of Investments and International Cooperation said in a press release.

Egyptian balance of payment’s deficit reached $1.8 billion during H1 of FY 2018/19, compared to a surplus of $5.6 billion achieved in the same period of FY 2017/18, Egypt Today reported.

Egypt’s current account deficit grew to $2.1 billion from October to December 2018, compared to $1.78 billion deficit in the same period of 2017, according Al Ahram Newspaper.

Egypt achieved 5.5% growth rate, recording the highest growth level in 10 years, according to Egyptian Streets.

Egypt’s net FDI dropped by 24.4% during H1 FY 2018/19, reaching $2.842 billion, compared to $3.762 billion during H1 FY 2017/18, Middle Ease Monitor reported.

Egypt’s non-oil privare sector’s activities grew to its highest level since August 2018, reaching 49.9 in March 2019, compared to 48.2 in February, according to Emirates NBD-Egypt PMI, said MENAFN.

The IMF marked macroeconomic improvements in Egypt’s reform program at its fourth review.