Latest in Tag: GDP Highlight
Latest in Tag: GDP
Public debt declined to 90% of GDP in June 2019 from 108% in June 2017
Egypt achieved a primary surplus of 2% of GDP in FY18/19 compared to deficit of 3.5% in FY15/16
Steady expansion in banks’ financial position: healthy growth in money supply, thanks to positive nominal GDP outlook: Beltone
Lending to regain its pull as primary utilization shelters on lower interest rates and new tax law amendments on government securities; remains demand driven
2019 paved road for promising real estate sector in new year
Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
The Industry Support Initiative increases the rates of economic growth and GDP to 7.5% annually: CBE’s Deputy Governor
The initiative will benefit about 96,000 factories that meet the conditions for the initiative: says deputy governor of the CBE
Egypt’s GDP growth to reach 5.6% in FY 2019/20, inflation to average 8% in CY 2020: FocusEconomics
Overnight deposit rate to record 10.13% in 2020, and 9.58% in 2021
Egypt’s real estate accounts for 16% of GDP, employs 5% of labour force: HSBC
HSBC Economics Team remain positive on its view on the economic outlook for Egypt
Egypt’s government debt to GDP declines to 88.4% in 2Q 2019: IIF
State’s household debt to GDP remains unchanged at 7.1% in 2Q of 2019, says report
Egypt targets 6.2% budget deficit, 6.4% GDP growth in FY 2020/21
State also targets debt-to-GDP ratio of 80% in next FY, says MOF
Saudi Arabia’s GDP to record 0.7% in 2019: Beltone
Eased monetary policy is expected to mark the third rate cut this year, state’s budget to balance by 2025
IMF calls on Egypt to take additional structural reforms to accelerate GDP growth
Inflation getting down faster than expected, says Azour
KSA’s GDP is currently 40% reliant on oil exports: Colliers International
SAR 61.4bn, estimated size of relevant entertainment market in the Kingdom by 2030, says Colliers
Bank financing’s contribution to budget deficit declines in 2Q19: CBE
Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt
GDP growth rate to continue moving onwards and upwards: CBE
Budget deficit projected to decrease to 8.2%, 7.2% of GDP in FY 2018/19-2019/20, respectively
Egypt’s growth will outperform B-rated peers, debt affordability remains weak: Moody’s
Increase in fertility rates, securing water resources represent long-term economic challenges
Risk of sharp rise in Egypt’s external debt remains manageable: Capital Economics
Furthermore, Egypt’s external debt has increased steadily since 2015 and breached $100bn in Q1 of this year, the note explains.
Egypt targets to reduce public debt-to-GDP to pre-2011 level by end of FY2021/22
Ratio aimed to reach 77.5% by end-June 2022
Focus Economics expects Egypt’s GDP to expand 5.5% in FY 2020
State’s public debt to record 85.2% of GDP in current FY, Focus Economics forecasts
Egypt’s external debt reaches 35.1% of GDP at end-2018, but still within safe limits: CBE
Saudi Arabia is Egypt’s top lender with total debt of $8.7bn
Deepening effective reforms critical to underpin Egypt’s positive economic outlook: IMF
Deepening and broadening of Egypt’s effective reforms is critical to underpin the positive outlook for growth and unemployment of the country, David Lipton, the International Monetary Fund (IMF) Acting Managing Director
Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in the FY 2017/18 and 12.5% in FY 2015/16.
Government debt to GDP in Egypt declines to 91% in Q1 of 2019 y-o-y: IIF
The state’s household debt to the GDP slightly decreased to 7.2% in Q1 of 2019, compared to 7.4% in the same period of 2018, the report added.
Egypt’s GDP growth shifting from historical consumption drivers to investment, net exports: WB
Egypt’s GDP grew robustly by 5.3% in FY 2017/18 compared to 4.2% in the previous year according to the World Bank report
Moody’s forecasts GDP growth in 2019, 6% by 2021
Likelihood of renewed social instability, reform reversal is low given improved economic prospects
There is bullish case for the Egyptian eurobond market, but risks have not gone away
we expect Egypt to continue to tap the eurobond market annually, including in 2019 and again in 2020, along with more infrastructure-linked loans.
Egypt’s outlook stable supported by fiscal policy, despite lower PMI: FocusEconomics
GDP to expand 5.3%, fiscal deficit narrowing to 8.4% in FY 2019, EGP 18.2 per USD in CY 2019
Egypt targets 7.2% deficit, 6% GDP growth, 6.163tn total GDP in FY 2019/20
New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY
Egypt’s real GDP growth to reach 5.8% in FY 2018/19: IIF
Average growth in MENAP forecasted to decelerate slightly to 2.2% in 2019, says IIF
Egypt announces plan to reduce government debt to 93% of GDP in June
Ministry implemented number of measures to limit increase in debt service bill
Egypt’s overall debt-to-GDP has decreased by 10.9% between Q3 of 2017, Q3 of 2018: IIF
Decrease originating from government, non-financial corporates, says IIF
Fiscal deficit falls to 9.8% of GDP in FY18 from 12.5% in FY16: OBG
IMF’s credit reduced government debt from 103% of GDP in FY 2016/17 to 93% in FY 2017/18