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Egypt Inflation Slows Ahead of Presidential Elections
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Egypt Inflation Rises Post-Devaluation
Egypt Inflation Slows as Presidential El...
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Egypt's Net Foreign Deficit Narrows
Overview
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Egyptian inflation slows ahead of presidential elections, with the annual inflation rate in urban areas decreasing to 35.8% in October. Goldman Sachs predicts further interest rate hikes due to the weakening pound in the parallel market. Fitch Ratings downgrades Egypt's credit score, citing high external financing requirements and delays in economic reforms.
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How might the decrease in inflation impact consumer spending in Egypt?
What are the potential implications of the downgrade in Egypt's credit score?
What measures are being taken to address the high external financing requirements?
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