President Trump’s call for OPEC+ to “bring down the cost of oil” is unlikely to change the outcome of group’s meeting on Monday; it is likely to stick to plans to gradually raise oil output from April. Further out, though, this may provide the Gulf states with the cover to press ahead with longer term goals of raising production and recapturing market share. Elsewhere, Egypt’s successful dollar bond issuance this week only adds to the optimistic shift in investor sentiment toward Egypt’s outlook. With plans to keep fiscal policy tight and reduce the debt-to-GDP ratio, Egypt’s public finances are on a far more stable footing.
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