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Chapter | Economy from The Report: Egypt 2020

Following a currency crisis in 2016, Egypt implemented a series of reforms, the results of which are apparent across key macroeconomic indicators. GDP growth rose from 5.3% in FY 2017/18 to 5.6% in FY 2018/19, and unemployment fell to 7.5%. Although Egypt faces the challenges of 2020 from a relatively robust position, lockdown measures and market turbulence have significantly impacted the economy...

Chapter | Country Profile from The Report: Egypt 2020

One of the world’s oldest civilisations, Egypt has long been central to the development of the MENA region and has built an extensive international trade network, benefitting from its location at the crossroads of Europe, Africa and Asia. As the world’s 14th-most populous country and the most populous nation in the Arab world, Egypt also benefits from a large, rapidly expanding population....

Having been hard hit by the coronavirus pandemic, Egypt’s tourism sector is hoping for a rebound as the country prepares for a gradual reopening on July 1.

Quarantine measures have been extended in Egypt, deepening the impact of the coronavirus on businesses, and small and medium-sized enterprises (SMEs) in particular. The country’s banks are adapting to the crisis through increased digitalisation, but will this prove a lasting change?

As the global economy faces a significant downturn, funds in Egypt are looking to bolster the start-up ecosystem to ensure innovative firms are supported.

Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues to disrupt the global economy.

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