
Egyptian economy improving amid challenges: Moody’s
Although government financing needs remain large, Moody’s expects economic reform will help reduce fiscal deficits and government debt
Although government financing needs remain large, Moody’s expects economic reform will help reduce fiscal deficits and government debt
Economic hurdles such as poverty and shortage of skilled workers will slow sector’s growth
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted