Macroeconomic Forecast Egypt

December 2005 | Macroeconomic Forecasts

We expect real growth to rise to 5.7% in 2006 as the impact of the tax cuts introduced in July is felt, as investment inflows increase and tourism continues to expand. Plans to reform the fuel subsidy system pose a downside risk to the fiscal deficit, and (to a lesser extent) the trade deficit, since higher fuel prices would curb demand. Details of such reforms have not yet been announced

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