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Economy / Egypt

Macroeconomic Forecast Egypt

November 2005 | Macroeconomic Forecasts

BMI View: Latest data on 2005 growth show that private consumption (up 3.6% y-o-y) grew faster than government consumption (up 3.0%). Private consumption is set to grow faster in 2006 as a result of tax and interest rate cuts. This will support higher real GDP growth of 5.7%. On the downside, the rising cost of fuel exports poses risks to the current account and fiscal deficit.

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