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.

October 22 to October 28 Coverage:

The unemployment rate has declined in Egypt, reaching 7.5%, which is the lowest rate achieved in 30 years, according to the Cabinet’s Facebook page.

Fitch Solutions expects that the Egyptian GDP will grow to reach 5.7%, up from 5.6%, during the current FY, Ahram gate reported.

The EGX ended its transaction on October 27 with an increase in market capital by EGP 869 million to close at EGP 714.325 billion, according to Amwal Alghad.

The IMF praised the Economic Reform Program implemented in Egypt, according to Prime Minister Mostafa Madbouly’s statement during the Cabinet’s meeting.

Egypt is considered one of the most attractive countries in the African Charter for investments, recording around $110.9 billion of investments, according to Ahram gate.

The Labor Market Survey focuses on the relationship between employment and economic growth to support decision-makers in achieving comprehensive development , according to Ahram gate citing MPMAR.


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