Egypt: Still a bond market favourite

Country Views
Egypt Country Views

This week, we take a deep dive into one of the MENA region’s largest economies – Egypt. As one of the few countries in the region to post positive growth throughout the 2020/21 FY, Egypt is set to continue on this upward trajectory well into 2022. We look at how: 

  • Growth is anticipated to reach 5.2% in 2022; this compares with the 3.3% forecast for 2021, and suggests pre-pandemic momentum is returning.
  • Obstacles remain; pro-borrowing policies are leading to high levels of debt servicing. This will exhaust government spending.
  • Elsewhere, private sector economic activity looks set to make a strong rebound in 2022. The challenge remains broader-based sustainable growth.

Florence Eid-Oakden, Ph.D, Chief Economist

Abdelgadir Shukri, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

To access this report, please click here.