|
Egypt is on a roll. Strong macro-economic indicators include inflation at 5.4% for 1996 and a current account deficit of just 0.8% of GDP, which some analysts expect may even go into surplus this year, while the overall budget deficit stands at 1.1% of GDP. Foreign currency reserves of over $19 billion represent up to 18 months’ import cover. According to one analyst, per capita income has risen 25% in the past two years to E£1,100 ($320). |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
