GCC and Egypt Economic Outlook Hinges on Continued Reforms NBK Research
Published on: Saturday 27 July 2019
The GCC and Egypt’s economic growth and public finances improved in 2018 amid higher oil prices, infrastructure development, diversification programs and fiscal reform.
According to research published by the National Bank of Kuwait (NBK), solid growth is expected in the coming period, while sensitivity to oil prices remains a significant downside risk to the GCC.
Egypt has seen significant progress on the macroeconomic front, but deep structural reforms are needed to enhance private sector role in the economy and spur growth.
News source: https://www.albawaba.com/business/pr/gcc-and-egypt-economic-outlook-hinges-continued-reforms-nbk-research-1299687
