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Oxford Group expects bright outlook for Egypt’s economy

Efforts to garner economic stability are gathering momentum, with reductions forecast in both inflation and the budget deficit.
20.03.18 | Source: Egypt Today

Positive macroeconomic indicators confirm that Egypt’s wide-ranging reform program is yielding results, Oxford Business Group (OBG) Editor-in-Chief Oliver Cornock said after launching a report about Egypt’s economic recovery.

“Efforts to garner economic stability are gathering momentum, with reductions forecast in both inflation and the budget deficit, while local production and exports are expected to rise,” Cornock added in a press release.

“The broader economic outlook of Egypt is ‘bright’, with growth evident in key sectors and higher levels of appetite for investment,” Cornock anticipated.

“The upcoming presidential election will inevitably generate an element of ‘uncertainty’,” he added.

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