GDP Growth
S&P highlighted the government’s decision to stop projects with significant FX costs or are at a completion rate of 50 percent or less, noting that it expected this to reduce related imports and support the country’s external position
Minister of Petroleum Tarek El-Molla stressed it is important to rapidly implement this strategy to support economic growth.
Global financial service provider Deutsche Bank has a positive near-term outlook for Egypt on strengthening the economy.
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