Egypt tops emerging markets in containing inflation: Report ...Egypt

EGYPT INDEPENDENT - Economy
Egypt tops emerging markets in containing inflation: Report
The Egyptian Cabinet media center announced Saturday that Egypt has topped all other emerging markets in containing inflation. According to the center’s report, the International Monetary Fund (IMF) confirmed that Egypt achieved the largest annual decline in inflation rates in emerging markets in 2020 compared to 2019, with a decrease of about 8.2 percent. It recorded an inflation rate of 5.7 percent in 2019/2020 compared to 13.9 percent in 2018/2019. The report reviewed expectations of international institutions for the inflation rate in Egypt during 2020, with The Economist anticipating it to reach 4.7 percent, Fitch Ratings expecting 4.9 percent, Bloomberg predicting inflation at 5.9 perc

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