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Arab Republic of Egypt
2020
IMF Staff Country Reports
The COVID-19 pandemic has drastically disrupted people's lives, livelihoods, and economic conditions. Growth is expected to slow considerably in both 2019/20 and 2020/21 as tourism is at a standstill and domestic activity is expected to significantly slow. The external accounts are expected to deteriorate from portfolio outflows and the shock to tourism and remittances, resulting in an urgent balance of payments need.
doi:10.5089/9781513556093.002
fatcat:fgh5urrw7zhirk73jke3wzqymu