Economy

BMI View: We remain comfortable with our outlook of 6.7% growth for this year, and a gradual slowdown thereafter. The pace of reform is slowing, and the global investment climate... 2008-04-17

In spite of a worsening global climate, Egypt remains one of the most robust growth stories in the region, and in fact we have revised up our 2008 real GDP growth forecast from 5.9%... 2008-04-07

We see the budget deficit as having peaked (at 13.3% of GDP) in 2006, on the back of the heavy spending and revenue crisis in the wake of the Israeli war with Hizbullah, and the shortfall... 2008-04-04

BMI View: These are testing times for the global economy, and Egypt is not immune, with the population feeling the pain of rising food prices acutely. Increased risk aversion in global... 2008-04-03

BMI View: We do not see the government matching 2007's strong fiscal performance this year, as it seeks to promote growth in worsening macroeconomic conditions. However, it will... 2008-03-28

BMI View: The global conditions suggest downside for most EM economies, and Israel is more exposed to the US than most. Nonetheless, domestic demand and an increasingly diversified... 2008-03-27

BMI View: The Bank of Israel will continue to cut interest rates until the shekel weakens, in spite of the less propitious inflationary climate we are seeing at the moment. This... 2008-03-27

We have revised our end-year Turkish inflation figure to 6.0% y-o-y on the back of the surge in food prices. We stress though, that the overall structural economic conditions remain... 2008-03-04

In spite of a worsening global climate, Egypt remains one of the most robust growth stories in the region, and in fact we have revised up our 2008 real GDP growth forecast from 5.9%... 2008-02-27

We are forecasting real GDP growth of 4.3% and 4.5% in 2008 and 2009 respectively, an improvement from last year's 2.9%, on the back of strong growth in the non-oil sector