The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity. In its report on the Middle East and North Africa region, the agency added that it expects a further depreciation of the official exchange rate of the Egyptian pound, as indicated by prices in the parallel market. “For reasons including currency depreciation, we expect inflation to remain very high in Lebanon, while it will register a double-digit figure in Egypt,” the report explained. It added that a combination of “depreciation of the local currency, rising inflation, and interest rates will dampen consumption and investment in Egypt.” Over 60 percent of r
Hence then, the article about a tough new year for egypt moody s expects significant economic pressures was published today ( ) and is available onEGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( ‘A tough new year for Egypt’ – Moody’s expects significant economic pressures )