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Egypt will find it hard to hit budget targets

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EGYPT

The Ukraine war has had a damaging effect on the Egyptian economy, but the government has presented a budget for the 2022/23 (July-June) fiscal year that aims to trim the fiscal…

Turkey's new economic team acts to restore credibility

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TURKEY

In one of the most significant changes in direction in a major emerging market (EM) in recent years, newly appointed TCMB Governor Naci Agbal has tightened monetary policy…

Risk of full-blown Turkish currency crisis is rising

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TURKEY

Despite dramatic depreciation of the lira since early March, the TCMB is likely to continue cutting its benchmark one-week repo rate, now at 8.75%, as it tries to mitigate the…

Weaker Turkish lira will raise pressure for rate hike

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TURKEY

The Central Bank’s policy dilemma.

Turkey’s recovering economy will lack resilience

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TURKEY

Turkey’s economic bounce-back.

Sisi seeks Egyptian economic takeoff in his next term

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EGYPT

Preliminary results suggest that President Abdel Fattah el-Sisi has won re-election with 91% of the vote. Western media and diplomats estimate turnout hovered around 20%, though…

Jordan’s debt levels are sustainable for the present

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JORDAN

Despite a series of IMF programmes since 1989, public sector debt levels have climbed to worrying heights, driven by deficits on both fiscal and current account accounts. Jordan’s…

Ukraine war will hurt Turkey’s economy

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TURKEY

The conflict in Ukraine is a threat to Turkey’s economy. The lira has weakened again, which will push inflation above 60%. Ankara has condemned Moscow’s invasion but is seeking…

Russian sanctions will hold back Turkish GDP growth

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TURKEY

The impact of the sanctions Russia imposed after Turkey shot down its warplane on November 24.

Prospects for North Africa to end-2020

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PROSPECTS H2 2020

North Africa prospects H2 2020.