Business Barometer

Business Barometer

Publication Number: ECES-BB37-E&A

July, 2015

Author : ECES Research Analysts

Type : Business Barometer

Evaluation : April-June 2015: 50

Outlook : July-Sept 2015: 56

This edition of the Business Barometer (BB) presents the survey results of a stratified panel of 474 firms regarding their perceptions about the performance of the Egyptian economy and their own business for the fourth quarter of FY14/15 (April-June 2015) and their outlook for the first quarter of FY15/16 (July-September 2015), respectively. The business community is starting the new fiscal year with high expectations about the recovery of the Egyptian economy, as reflected in their outlook for economic growth for the upcoming quarter July-September 2015. This optimistic outlook is in line with the steady recovery of real GDP growth during 2014 and a meager decline in unemployment (Figure 1.1), in addition to the government’s target to achieve a growth rate of no less than 5 percent in FY15/16.