Economy / Egypt
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Macroeconomic Forecast Egypt
July 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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With political risk still high, and an early presidential transition potentially on the cards in the next few years, we expect Egypt to maintain its generous spending throughout the forecast period, causing the budget to remain firmly in deficit. Although we do see the 7.9% of GDP general government cash deficit recorded in FY2005/06 being a peak, we are still forecasting shortfalls of over 5% of GDP up to 2011 - too high for comfort and a major source of concern for potential investors.