Skip to content

Articles

Published:

Abdel-Moneim El-Sayed: The Egyptian economy has managed to maintain its capacity to withstand regional pressures and shocks.

Abdel-Moneim El-Sayed: The Egyptian economy has managed to maintain its capacity to withstand regional pressures and shocks.

Abdel-Moneim El-Sayed: The Egyptian economy has managed to maintain its capacity to withstand regional pressures and shocks.

Dr. Abdel Moneim El-Sayed, Director of the Cairo Center for Strategic Studies, stated that the decision by the credit rating agency Fitch to affirm Egypt’s sovereign rating at "B" with a stable outlook serves as an important signal to markets and investors. This is not because it implies an upgrade in the credit rating, but rather because it confirms that the Egyptian economy has managed to maintain its resilience against regional and international pressures and shocks, alongside a clear improvement in macroeconomic indicators and sources of foreign currency liquidity.

Visit source(opens in a new tab)

Do you need specialist economic advice?

Our team of experts is ready to help you analyse economic data and make the right strategic decisions