The small drop in Egypt’s PMI last month suggests that the economy hasn’t deteriorated significantly following the pound’s float and subsequent 50% fall against the US dollar. But with inflation set to rise sharply and monetary and fiscal policy tightening, growth is likely to slow sharply in 2017. Elsewhere, the rise in PMIs in the Gulf should ease concerns of a further slowdown there.
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