A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
March 12 to March 18 Coverage:
Egypt’s budget deficit totaled EGP 222.5 billion from July 2018 to January 2019, reaching 4.2% of the country’s GDP, according to Amwal Al Ghad.
The Egyptian pound reached its highest value against the US dollar in two years on Sunday trading at 17.34, supported by an increase in foreign exchange inflows to Egypt, Reuters reported.
Egypt’s annual headline inflation increased in February 2019, recording 14.4% up from 12.7% in January 2019, a three-month high, according to the CBE, Ahram Newspaper reported.
Egypt’s non-oil exports recorded $2.043 billion in total at the end of January 2019, Amwal Al Ghad reported, quoting a statement released by GOEIC.
Egyptian officials expect to receive the final tranche of the $12 billion IMF loan in June or July 2019, The Arab Weekly reported.
Egyptian-Japanese bilateral trade increased by 30.5% in 2018, recording $1.26 billion, compared to $969 million during 2017, according to Amwal Al Ghad.