Skip to main content

Sluggish Egyptian economy reduces prospect of IMF deal

All eyes have focused on the fall of the Egyptian pound since the end of last year. But at the same time, the economy has taken a sharp turn for the worse. This suggests that job creation probably slowed and the squeeze on households’ incomes intensified. Against this backdrop, social tensions are likely to remain high, making the conditions attached to any IMF agreement, including subsidy reforms and tax hikes, a bitter pill to swallow.

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


Get access