Monday Minutes: Economic Snapshot

Monday Minutes: Economic Snapshot

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

From October 4th to October 11th 

Headline inflation reached 6.6% in September 2021, compared to 5.7% in August 2021, according to the CBE.

Net International Reserves recorded $40.83 billion at the end of September 2021, the Central Bank of Egypt (CBE) announced.

IHS Markit Egypt Purchasing Managers’ Index™ (PMI), for non-oil private sector economy, reached 48.9 in September.

The International Monetary Fund (IMF) expected the Egyptian economic growth to rebound during fiscal year (FY) 2021/22 to reach 5.2% thanks to the reforms implemented since 2016, according the report published by the Cabinet.

The IMF estimated the inflation to reach 4.7% in FY 2020/21, and expected the total international reserves to record $43 billion in 2021/2022, compared to $16.7 billion in 2013/2014, according to a Cabinet report.

The World Bank expected Egypt’s economic growth to rise from 3.3% to 5% in FY 2021/22.

Egypt aims to reach $100 billion in annual exports over the next three years, the Egyptian Ministry of Finance announced.

 

 

 

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register