Macroeconomic Forecast Egypt

Recently released data from the Central Bank of Egypt (CBE) has once again highlighted the ongoing deterioration to the economy's external position, with the total stock of foreign reserves falling to US$18.1bn at end-December, from US$20.1bn in November. The CBE's financial arsenal is now down 49.6% y-o-y, as capital outflows continue amid the still uncertain political transition.

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