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.

September 17 to September 23 Coverage

Prime Minister Mostafa Madboly chaired the Ministerial Economic meeting, reviewing the structural reforms in the national economy within the framework of Egypt’s Vision 2030, according to the Cabinet.

For the sixth consecutive year, the Ministry of Finance issued the citizen’s budget to reinforce social participation and transparency.

According to the goals of the sustainable development plan, the workforce is expected to increase by 2.6%, reaching around 31.7 million in the current FY 2019/20, according to the MPMAR Facebook page.

CAPMAS indicated that the value of the trade exchange between Egypt and the US increased by 8% in H1 2019, recording $7.3 billion, up from $4.3 billion in the same period a year before.

For the third consecutive year, Egypt topped the list of the countries attracting investments in Africa, according to the investment report 2020 by Rand Merchant Bank, the MPMAR Facebook page indicated.

Bank of America Merrill Lynch expects that Egypt’s inflation rate will continue to decline during H2 2019, according to the MPMAR Facebook page.


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