Market Report, "Egypt Business Forecast Report Q2 2012", Published
Core Views Following 2011's political crisis, our forecasts see trend growth in Egypt settling at a lower rate over the coming five years as the political transition from authoritarian rule to competitive democracy raises political risks, slows reform momentum and weakens investment inflows. We forecast real GDP to expand by an average 5.2% between 2012 and 2016. The current transitional government is likely to sign an IMF Stand-By Arrangement before the end of the parliamentary election cycle. Such an agreement...
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