
Average Egyptian family to make annual income of EGP 109k by 2025: Fitch Solutions
Families with average annual income exceeding EGP 156k will rise to 11% by 2025
Families with average annual income exceeding EGP 156k will rise to 11% by 2025
Beyond 2021, demand and rents will most likely recover with gains, says Fitch
Country’s mid-range manufacturing sector remains underdeveloped, with electrical/mechanical machinery, vehicles accounting for less than a tenth of exports
Fitch forecasts Egypt’s GDP growth to average 4.5% y-o-y to 2028, from 3.6% in 2009-2018 period
Fitch expects EGP to maintain a slow appreciatory trajectory against US dollar in 2019, deteriorating global financial conditions could negatively impact Egypt’s access to foreign capital
Haftar’s Tripoli offensive could spiral out of control, yet fiscal deficit expected to narrow