Egypt’s fragile external position has come under the spotlight once again, but the latest signs are that policymakers are trying to ease foreign currency restrictions. The upshot is that a devaluation of the pound now looks more likely than ever and, while this could be painful in the near-term, it should ultimately help the economy out of its recent slump.
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