Egypt Economic Update, Fall 2010

Egypt's growth accelerated in the second half of FY10. Real Gross Domestic Product (GDP) growth in FY10 reached 5.8 percent, up from 4.4 percent in FY09 and 4.8 percent in FY10, taking up overall GDP growth to an average of 5.3 percent for the...

Full description

Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	AGRICULTURE ANNUAL GROWTH BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANKING SECTOR BANKING SYSTEM BASIC NEEDS BASIS POINTS BENEFICIARIES BIDS BILL BLACK MARKET BOND BOND ISSUANCE BORROWING BROAD MONEY BUSINESS ACTIVITY CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK COMPETITIVENESS CONSUMERS CONSUMPTION EXPENDITURE CORE INFLATION CORPORATE EXTERNAL DEBT CORPORATE TAX CORRUPTION COUPON CREDIT GROWTH CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMS DUTIES DEBT CRISIS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RELIEF DEBT SERVICE DEBTS DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITS DEVELOPMENT ECONOMICS DIRECT INVESTMENT DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC CONSUMPTION DOMESTIC CREDIT DOMESTIC CREDIT GROWTH DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY EARNINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC TRENDS EMERGING MARKETS ENROLLMENT EQUITIES EURO ZONE EXCHANGE RATE EXCHANGE RATE POLICIES EXPENDITURE EXPENDITURES EXPORT SUBSIDY EXPORTS EXPOSURE EXTERNAL BALANCE EXTERNAL BALANCES EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION FAMILIES FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BALANCE FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN COMPANIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE POLICY GDP PER CAPITA GENDER GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL TRADE GOLD GOVERNANCE INDICATORS GOVERNMENT ASSETS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT SPENDING GROSS CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH INTEREST RATE HOUSEHOLDS IMMUNIZATION IMPORT IMPORTS INCOME INCOME TAXES INFLATION INFLATION INDEX INFLATION RATE INFLATIONARY IMPACT INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE PROJECTS INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTEREST SUBSIDIES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL RESERVES INTERNATIONAL STANDARD INVESTMENT PROJECTS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LENDING INTEREST RATE LENDING POLICY LIFE EXPECTANCY LIQUIDITY LOAN LOAN-TO-DEPOSIT RATIO LOC LOCAL CURRENCY M2 MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET PRICE MARKET VOLATILITY MATURITIES MATURITY MOBILE PHONE MONETARY POLICY MONEY SUPPLY NATIONAL BANK OIL EXPORTS OIL PRICES PENSION PENSION FUNDS PENSION LAW PENSION SYSTEM PENSIONS PERSONAL COMPUTERS POLITICAL STABILITY POPULATION GROWTH PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS POWER OUTAGES PREPAYMENTS PRICE INCREASES PRICE INDEX PRINCIPAL REPAYMENTS PRIVATE PLACEMENT PRIVATE SECTOR DEBT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROFITABILITY PROPERTY TAX PROPERTY TAXES PUBLIC BANKS PUBLIC COMPANIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIP QUOTAS REAL GDP REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REMITTANCES RESERVE RESERVES RETURN RULE OF LAW SAVINGS SETTLEMENT SHORT-TERM DEBT SHORTFALL SKILLED WORKERS SLOWDOWN SOCIAL WELFARE SOVEREIGN DEBT STABLE LOCAL CURRENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STRUCTURAL REFORMS SURPLUS SURPLUSES T-BILLS T-BONDS TAX TAX RATE TAX RATES TAX REVENUES TOTAL DEBT TOTAL DEPOSITS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANCHE TRANSPORTATION COSTS TUITION UNDERWRITER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS VALUE ADDED VARIABLE RATE
Online Access:	http://documents.worldbank.org/curated/en/366371468022762909/Egypt-economic-update-Fall-2010 http://hdl.handle.net/10986/27775

id	okr-10986-27775
recordtype	oai_dc
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGRICULTURE ANNUAL GROWTH BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANKING SECTOR BANKING SYSTEM BASIC NEEDS BASIS POINTS BENEFICIARIES BIDS BILL BLACK MARKET BOND BOND ISSUANCE BORROWING BROAD MONEY BUSINESS ACTIVITY CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK COMPETITIVENESS CONSUMERS CONSUMPTION EXPENDITURE CORE INFLATION CORPORATE EXTERNAL DEBT CORPORATE TAX CORRUPTION COUPON CREDIT GROWTH CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMS DUTIES DEBT CRISIS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RELIEF DEBT SERVICE DEBTS DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITS DEVELOPMENT ECONOMICS DIRECT INVESTMENT DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC CONSUMPTION DOMESTIC CREDIT DOMESTIC CREDIT GROWTH DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY EARNINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC TRENDS EMERGING MARKETS ENROLLMENT EQUITIES EURO ZONE EXCHANGE RATE EXCHANGE RATE POLICIES EXPENDITURE EXPENDITURES EXPORT SUBSIDY EXPORTS EXPOSURE EXTERNAL BALANCE EXTERNAL BALANCES EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION FAMILIES FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BALANCE FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN COMPANIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE POLICY GDP PER CAPITA GENDER GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL TRADE GOLD GOVERNANCE INDICATORS GOVERNMENT ASSETS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT SPENDING GROSS CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH INTEREST RATE HOUSEHOLDS IMMUNIZATION IMPORT IMPORTS INCOME INCOME TAXES INFLATION INFLATION INDEX INFLATION RATE INFLATIONARY IMPACT INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE PROJECTS INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTEREST SUBSIDIES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL RESERVES INTERNATIONAL STANDARD INVESTMENT PROJECTS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LENDING INTEREST RATE LENDING POLICY LIFE EXPECTANCY LIQUIDITY LOAN LOAN-TO-DEPOSIT RATIO LOC LOCAL CURRENCY M2 MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET PRICE MARKET VOLATILITY MATURITIES MATURITY MOBILE PHONE MONETARY POLICY MONEY SUPPLY NATIONAL BANK OIL EXPORTS OIL PRICES PENSION PENSION FUNDS PENSION LAW PENSION SYSTEM PENSIONS PERSONAL COMPUTERS POLITICAL STABILITY POPULATION GROWTH PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS POWER OUTAGES PREPAYMENTS PRICE INCREASES PRICE INDEX PRINCIPAL REPAYMENTS PRIVATE PLACEMENT PRIVATE SECTOR DEBT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROFITABILITY PROPERTY TAX PROPERTY TAXES PUBLIC BANKS PUBLIC COMPANIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIP QUOTAS REAL GDP REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REMITTANCES RESERVE RESERVES RETURN RULE OF LAW SAVINGS SETTLEMENT SHORT-TERM DEBT SHORTFALL SKILLED WORKERS SLOWDOWN SOCIAL WELFARE SOVEREIGN DEBT STABLE LOCAL CURRENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STRUCTURAL REFORMS SURPLUS SURPLUSES T-BILLS T-BONDS TAX TAX RATE TAX RATES TAX REVENUES TOTAL DEBT TOTAL DEPOSITS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANCHE TRANSPORTATION COSTS TUITION UNDERWRITER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS VALUE ADDED VARIABLE RATE
spellingShingle	AGRICULTURE ANNUAL GROWTH BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANKING SECTOR BANKING SYSTEM BASIC NEEDS BASIS POINTS BENEFICIARIES BIDS BILL BLACK MARKET BOND BOND ISSUANCE BORROWING BROAD MONEY BUSINESS ACTIVITY CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK COMPETITIVENESS CONSUMERS CONSUMPTION EXPENDITURE CORE INFLATION CORPORATE EXTERNAL DEBT CORPORATE TAX CORRUPTION COUPON CREDIT GROWTH CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMS DUTIES DEBT CRISIS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RELIEF DEBT SERVICE DEBTS DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITS DEVELOPMENT ECONOMICS DIRECT INVESTMENT DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC CONSUMPTION DOMESTIC CREDIT DOMESTIC CREDIT GROWTH DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY EARNINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC TRENDS EMERGING MARKETS ENROLLMENT EQUITIES EURO ZONE EXCHANGE RATE EXCHANGE RATE POLICIES EXPENDITURE EXPENDITURES EXPORT SUBSIDY EXPORTS EXPOSURE EXTERNAL BALANCE EXTERNAL BALANCES EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION FAMILIES FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BALANCE FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN COMPANIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE POLICY GDP PER CAPITA GENDER GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL TRADE GOLD GOVERNANCE INDICATORS GOVERNMENT ASSETS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT SPENDING GROSS CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH INTEREST RATE HOUSEHOLDS IMMUNIZATION IMPORT IMPORTS INCOME INCOME TAXES INFLATION INFLATION INDEX INFLATION RATE INFLATIONARY IMPACT INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE PROJECTS INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTEREST SUBSIDIES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL RESERVES INTERNATIONAL STANDARD INVESTMENT PROJECTS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LENDING INTEREST RATE LENDING POLICY LIFE EXPECTANCY LIQUIDITY LOAN LOAN-TO-DEPOSIT RATIO LOC LOCAL CURRENCY M2 MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET PRICE MARKET VOLATILITY MATURITIES MATURITY MOBILE PHONE MONETARY POLICY MONEY SUPPLY NATIONAL BANK OIL EXPORTS OIL PRICES PENSION PENSION FUNDS PENSION LAW PENSION SYSTEM PENSIONS PERSONAL COMPUTERS POLITICAL STABILITY POPULATION GROWTH PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS POWER OUTAGES PREPAYMENTS PRICE INCREASES PRICE INDEX PRINCIPAL REPAYMENTS PRIVATE PLACEMENT PRIVATE SECTOR DEBT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROFITABILITY PROPERTY TAX PROPERTY TAXES PUBLIC BANKS PUBLIC COMPANIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIP QUOTAS REAL GDP REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REMITTANCES RESERVE RESERVES RETURN RULE OF LAW SAVINGS SETTLEMENT SHORT-TERM DEBT SHORTFALL SKILLED WORKERS SLOWDOWN SOCIAL WELFARE SOVEREIGN DEBT STABLE LOCAL CURRENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STRUCTURAL REFORMS SURPLUS SURPLUSES T-BILLS T-BONDS TAX TAX RATE TAX RATES TAX REVENUES TOTAL DEBT TOTAL DEPOSITS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANCHE TRANSPORTATION COSTS TUITION UNDERWRITER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS VALUE ADDED VARIABLE RATE World Bank Egypt Economic Update, Fall 2010
geographic_facet	Middle East and North Africa Egypt, Arab Republic of
description	Egypt's growth accelerated in the second half of FY10. Real Gross Domestic Product (GDP) growth in FY10 reached 5.8 percent, up from 4.4 percent in FY09 and 4.8 percent in FY10, taking up overall GDP growth to an average of 5.3 percent for the full FY10. Egypt's macroeconomic outlook is stable. Assuming that domestic demand holds up, and Egyptian exports continue their observed recent trend, we expect that the Egyptian economy grows in the range of 6.0 to 6.2 percent in FY11. This is underpinned by strong commitment to maintain structural reforms momentum, and a relatively stable global economy. However, unemployment will remain a challenge as growth as high as 6 percent will barely absorb the increasing number of new entrants to the labor market. Unemployment will continue to be an overriding concern and will gradually fall to around 8.7 percent in FY11. Finally, inflationary pressures are expected to rise, as global prices are likely to filter to domestic consumer prices, domestic demand will gain more solid ground, and gradual adjustment of energy prices will be implemented. Interest rates are not thus expected to rise, yet real interest rates will remain low or negative. This outlook is consistent with that of standard and poor's ratings services which affirmed in 2010.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Egypt Economic Update, Fall 2010
title_short	Egypt Economic Update, Fall 2010
title_full	Egypt Economic Update, Fall 2010
title_fullStr	Egypt Economic Update, Fall 2010
title_full_unstemmed	Egypt Economic Update, Fall 2010
title_sort	egypt economic update, fall 2010
publisher	Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/366371468022762909/Egypt-economic-update-Fall-2010 http://hdl.handle.net/10986/27775
_version_	1764465069113999360
spelling	okr-10986-277752021-04-23T14:04:44Z Egypt Economic Update, Fall 2010 World Bank AGRICULTURE ANNUAL GROWTH BALANCE OF PAYMENTS BANK BRANCHES BANK CREDIT BANKING SECTOR BANKING SYSTEM BASIC NEEDS BASIS POINTS BENEFICIARIES BIDS BILL BLACK MARKET BOND BOND ISSUANCE BORROWING BROAD MONEY BUSINESS ACTIVITY CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK COMPETITIVENESS CONSUMERS CONSUMPTION EXPENDITURE CORE INFLATION CORPORATE EXTERNAL DEBT CORPORATE TAX CORRUPTION COUPON CREDIT GROWTH CREDIT RATINGS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMS DUTIES DEBT CRISIS DEBT OBLIGATIONS DEBT OUTSTANDING DEBT RELIEF DEBT SERVICE DEBTS DEPOSIT DEPOSIT INTEREST DEPOSIT INTEREST RATE DEPOSITS DEVELOPMENT ECONOMICS DIRECT INVESTMENT DISBURSEMENT DISBURSEMENTS DISCOUNT RATE DOMESTIC CONSUMPTION DOMESTIC CREDIT DOMESTIC CREDIT GROWTH DOMESTIC DEBT DOMESTIC DEMAND DOMESTIC ECONOMY EARNINGS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC TRENDS EMERGING MARKETS ENROLLMENT EQUITIES EURO ZONE EXCHANGE RATE EXCHANGE RATE POLICIES EXPENDITURE EXPENDITURES EXPORT SUBSIDY EXPORTS EXPOSURE EXTERNAL BALANCE EXTERNAL BALANCES EXTERNAL DEBT EXTERNAL DEMAND EXTERNAL POSITION FAMILIES FINANCIAL ACCOUNT FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SECTOR FISCAL BALANCE FISCAL DEFICIT FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN COMPANIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE POLICY GDP PER CAPITA GENDER GLOBAL ECONOMY GLOBAL LIQUIDITY GLOBAL TRADE GOLD GOVERNANCE INDICATORS GOVERNMENT ASSETS GOVERNMENT DEBT GOVERNMENT FINANCE GOVERNMENT SPENDING GROSS CAPITAL FORMATION GROWTH RATE GROWTH RATES HIGH INTEREST RATE HOUSEHOLDS IMMUNIZATION IMPORT IMPORTS INCOME INCOME TAXES INFLATION INFLATION INDEX INFLATION RATE INFLATIONARY IMPACT INFLATIONARY PRESSURE INFLATIONARY PRESSURES INFRASTRUCTURE PROJECTS INSURANCE INTEREST PAYMENTS INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTEREST SUBSIDIES INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL RESERVES INTERNATIONAL STANDARD INVESTMENT PROJECTS INVESTMENT SPENDING LABOR FORCE LABOR MARKET LENDING INTEREST RATE LENDING POLICY LIFE EXPECTANCY LIQUIDITY LOAN LOAN-TO-DEPOSIT RATIO LOC LOCAL CURRENCY M2 MACROECONOMIC INSTABILITY MARKET CAPITALIZATION MARKET PRICE MARKET VOLATILITY MATURITIES MATURITY MOBILE PHONE MONETARY POLICY MONEY SUPPLY NATIONAL BANK OIL EXPORTS OIL PRICES PENSION PENSION FUNDS PENSION LAW PENSION SYSTEM PENSIONS PERSONAL COMPUTERS POLITICAL STABILITY POPULATION GROWTH PORTFOLIO PORTFOLIO INFLOWS PORTFOLIO INVESTMENTS POWER OUTAGES PREPAYMENTS PRICE INCREASES PRICE INDEX PRINCIPAL REPAYMENTS PRIVATE PLACEMENT PRIVATE SECTOR DEBT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PROFITABILITY PROPERTY TAX PROPERTY TAXES PUBLIC BANKS PUBLIC COMPANIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIP QUOTAS REAL GDP REAL INTEREST REAL INTEREST RATES RECEIPTS RECESSION REMITTANCES RESERVE RESERVES RETURN RULE OF LAW SAVINGS SETTLEMENT SHORT-TERM DEBT SHORTFALL SKILLED WORKERS SLOWDOWN SOCIAL WELFARE SOVEREIGN DEBT STABLE LOCAL CURRENCY STOCK EXCHANGE STOCK MARKET STOCK MARKET CAPITALIZATION STRUCTURAL REFORMS SURPLUS SURPLUSES T-BILLS T-BONDS TAX TAX RATE TAX RATES TAX REVENUES TOTAL DEBT TOTAL DEPOSITS TOTAL EXTERNAL DEBT TRADE BALANCE TRADE DEFICIT TRADING TRANCHE TRANSPORTATION COSTS TUITION UNDERWRITER UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AREAS VALUE ADDED VARIABLE RATE Egypt's growth accelerated in the second half of FY10. Real Gross Domestic Product (GDP) growth in FY10 reached 5.8 percent, up from 4.4 percent in FY09 and 4.8 percent in FY10, taking up overall GDP growth to an average of 5.3 percent for the full FY10. Egypt's macroeconomic outlook is stable. Assuming that domestic demand holds up, and Egyptian exports continue their observed recent trend, we expect that the Egyptian economy grows in the range of 6.0 to 6.2 percent in FY11. This is underpinned by strong commitment to maintain structural reforms momentum, and a relatively stable global economy. However, unemployment will remain a challenge as growth as high as 6 percent will barely absorb the increasing number of new entrants to the labor market. Unemployment will continue to be an overriding concern and will gradually fall to around 8.7 percent in FY11. Finally, inflationary pressures are expected to rise, as global prices are likely to filter to domestic consumer prices, domestic demand will gain more solid ground, and gradual adjustment of energy prices will be implemented. Interest rates are not thus expected to rise, yet real interest rates will remain low or negative. This outlook is consistent with that of standard and poor's ratings services which affirmed in 2010. 2017-08-14T20:14:06Z 2017-08-14T20:14:06Z 2010 Report http://documents.worldbank.org/curated/en/366371468022762909/Egypt-economic-update-Fall-2010 http://hdl.handle.net/10986/27775 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa Egypt, Arab Republic of

Egypt Economic Update, Fall 2010

Similar Items