Egypt’s economy still robust, among strongest in emerging markets: Goldman Sachs

Egypt’s economy still robust, among strongest in emerging markets: Goldman Sachs

A recent Goldman Sachs report reveals that around half of the foreign investment that exited the Egyptian market amid the onset of the Covid-19 crisis has returned, with further inflows projected







Doaa A.Moneim

, Thursday 17 Sep 2020







A Goldman Sachs sign is seen on the floor of the New York Stock Exchange, April 16, 2012. REUTERS













Egypt's economy still robust and is growing in a way that can make it the strongest among emerging markets, Goldman Sachs has said in a new report.

The report added that Egypt has achieved remarkable success through its economic reform programme initiated in November 2016.

Egypt's real interest rate, at 6.5 percent, and debt instrument proceeds, at 6.7