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CitiBank expects Egypt’s fiscal deficit to remain in double digits

: Wednesday, June 04 - 2014 @ 02:14

Citibank has said Egypt’s fiscal deficit is set to “remain firmly in double digits” with inflation easing in 2014, Daily News Egypt has reported. “The fiscal deficit rose to 11.2% of GDP in 2012 and provisional data for H1 2013 show that there could be a worse outcome this year,” the report said. “Even if a slow pick-up in growth is possible in 2014, we still think that a new government will have to think more comprehensively about economic policy at some point.”

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Wednesday, June 4- 2014 @ 2:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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