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Vol 58 No 1

Published 6th January 2017


Egypt

Elusive legitimacy

Currency devaluation will shape economic prospects this year but the President faces conflicts within and outside his country's borders 

Coping with the effects of the 50% devaluation of the Egyptian pound at the end of 2016 will be the main preoccupation of the government and the public in the coming year. The most pronounced effect will be further increases in inflation, which could well trigger popular unrest. The main positive impact will be on the balance of payments.

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