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Vol 65 No 1

Published 4th January 2024


Harsh economics and geopolitics loom

Another year of a weak currency and austerity, backed by the IMF, lies ahead as the crisis in Gaza poses deep challenges to Sisi and his circle

The inflationary surge that followed successive devaluations of the currency in 2022 will take time to ease, as further depreciation of the Egyptian pound is likely in 2024, while the IMF is likely to help with a significant increase in its loan from the US$3 billion agreed in 2022.

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