19
Apr
12:54
Pound devaluation boosts Egypt economy, private investment slow
Egyptian private investment is expected to pick up in the second fiscal half year through June, supported by enhanced competitiveness following the depreciation of the currency, as well as reform. This is according to the World Bank.
The organisation forecasts Egyptian gdp growth of 3.9% on-year in the fiscal year through June, driven by public investment and to some extent net exports.
Tourism, on which Egypt’s economy is heavily dependent, is also exp…
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Very good overview of the weekly steel market.
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