Monday Minutes: Economic Snapshot

Monday Minutes: Economic Snapshot
Ryerson Economics

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.

Sarah Samir 3289 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.


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