Closer to home, Europe is the number one trading partner for Egypt, accounting for approximately one third of its total exports and imports, and is deemed a major source of FDI and financial investments for the country. Hence, the prospects of slow recovery in Europe casts further shadow on the recovery of the Egyptian economy, […]
Despite significant shares in GDP and employment, the support to SMEs has yet to effectively realize their potential in creating and sustaining inclusive growth. Several constraints hamper SMEs operations and growth, including lack of access to financing, inability to hire formally given rigidity in the labor law, weak complementarity with large upstream and downstream enterprises, […]
Egypt’s resilience to external shocks could be attributed to macroeconomic reforms undertaken over the past decade, as evident by more diversity of sectoral sources of growth, fiscal reforms that availed the space to introduce timely countercyclical packages, and monetary reforms that increased the ability of the Central Bank to weather external shocks and contain domestic […]