Egypt is on track to notch up 11-year high GDP growth of 5.5% for 2019 on the back of 5.3% for 2018. But the country’s latest current account figures present less optimistic reading.
Despite record receipts from both tourism and the Suez Canal for the 2018-19 financial year (to 30 June 2019), the country’s current account deficit rose to $8.2bn (2.7% of GDP), up from a four-year low of $6.0bn (2.4% of GDP) the previous year. (CONTINUED - 1152 WORDS)
