Lay-offs in Egypt as economy continues to contract
- Date: 06-Nov-2023
- Source: AGBI
- Sector:Financial Services
- Country:Egypt
Lay-offs in Egypt as economy continues to contract
Businesses in Egypt cut staffing levels for the first time in three months as inflationary pressures hurt demand, although foreign exchange reserves rose slightly, according to the central bank. Egypt’s non-oil private sector contracted for the 35th consecutive month, according to the latest headline Purchasing Managers’ Index (PMI) survey from S&P Global. However net foreign […]