S&P Global
The agency said the outlook reflects a balance between improving economic fundamentals and downside risks tied to a prolonged conflict, which could weigh on key sources of foreign currency inflows.
The headline PMI dropped to 48.8, down from 49.2 in August, marking its weakest performance in three months
The Rating Agency noted that the positive outlook reflects the potential for further improvements in Egypt's external and fiscal positions.
The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy
S&P Global will consider changing Egypt’s credit rating if economic growth rate exceeded expectations, analyst says.
