Egypt: The Resilience of the Egypt Economy in the face of COVID-19 Shocks and High Commodity Prices

  |   Attaché Report (GAIN)   |   EG2022-0004

Despite the COVID-19 pandemic and the rise in commodity prices globally, Egypt succeeded in maintaining inflation rates within the Central Bank of Egypt’s (CBE’s) target range of 7 percent (±2 percent) in 2021, at a time when many countries of the world are witnessing a wave of high inflation. Egypt has adopted rational economic and monetary policies over recent years that have taken into account achieving stability in commodity prices, as well as setting interest rates in line with inflation targets. This put Egypt at the forefront of emerging markets in reducing its rate of inflation.

Related Reports

Attaché Report (GAIN)

Spain: Spain Seafood Report 2024

Spain is one of the world’s largest markets for fish and seafood. In 2023, Spain was the fourth largest importer of fish and seafood in the world after the United States, China, and Japan.
Attaché Report (GAIN)

Malaysia: Food Processing Ingredients Annual

The Malaysian food and beverage manufacturing industry is a significant sector in Malaysia’s economic expansion for both the domestic and export market. This sector includes several multinational corporation facilities as well as a range of local company operations.
Attaché Report (GAIN)

Uruguay: Grain and Feed Annual

Uruguayan wheat production in marketing year (MY) 2024/2025 is forecast at 1.3 million tons, 260,000 tons lower than the previous crop season which saw record high yields. Wheat exports are projected down at 800,000 tons, 29 percent lower than the previous year.