February’s whole economy PMIs suggests that activity in non-oil sectors in the Gulf has weakened amid the coronavirus outbreak. Efforts to contain the virus have escalated since the survey took place, and further weakness probably lies in store. Meanwhile, signs of building price pressures in Egypt add to the reasons to think that the central bank will wait until the middle of the year to resume its easing cycle.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services