The Economic Pulse

Three options were on the table: extending reform timelines, pausing energy price hikes and easing interest rates, or securing additional social funding. A timeline extension appears the most viable, especially given the 24.3% drop in Suez Canal revenue due to disrupted maritime traffic, which has added strain to the economy.

Credit rating agencies, including fitch and S&P Global’s positive outlook on Egypt’s credit rating, backed by increased investor confidence and record FDI inflows of USD 46.1 billion in September, has created a favorable climate for economic growth. Although initial exchange rate fluctuations may temporarily raise costs, gradual stabilization will help businesses better manage expenses.