Pre-Trading Thoughts

IMF: Egypt still suffers from gaps, including the high debt burden and large financing needs, hence the necessity of decisive development in adopting the deep financial and structural reforms that Egypt needs to increase the competitiveness of its economy, enhance transparency, and strengthen resilience against shocks. IMF lowered its growth forecast for global growth to 3.2% this year and 2.9% next year. President El-Sisi issued a package aimed at expanding social protection to confron...