Ikhwanweb :: The Muslim Brotherhood Official English Website

Tue109 2018

Last update19:14 PM GMT

Back to Homepage
Font Size : 12 point 14 point 16 point 18 point
:: Issues > Other Issues
Egypt Business Forecast Report Q4 2010 - New Report Published
Egypt Business Forecast Report Q4 2010 - New Report Published
Newly released report, Egypt Business Forecast Report Q4 2010, provides detailed company analysis
The overall Egyptian economy looks relatively well positioned compared with the sluggish recovery being experienced in the rest of the world, especially in developed states.
Saturday, August 7,2010 15:00

The overall Egyptian economy looks relatively well positioned compared with the sluggish recovery being experienced in the rest of the world, especially in developed states. Although we expect exports to act as a drag on economic growth over the medium term, we see Egypt in place for a return to near-trend growth over the longer term, lifted by increasing private sector demand and investment. Nonetheless, with upcoming parliamentary and presidential elections, there are risks that could overshadow these positive developments. If the political instability degenerates into public dissatisfaction, we caution that downside risks to economic performance and business environment could arise.

Our political outlook section focuses on the uncertainty currently reigning in Egypt's political arena, addressing three major developments: the Shura council elections, the Turkish flotilla incident, and the endorsement by the Muslim Brotherhood of opposition presidential candidate Mohamed ElBaradei. With all these political risks, the Egyptian government faces an uncomfortable 18 months, and may well decide to bring forward the presidential polls, in part to prevent Baradei from gaining even more momentum, and in part to avoid another year of uncertainty (which is threatening to harm the economy, as investors and market players stay away).

Our view that the Egyptian economy will be more affected by the sluggish global recovery than has been priced in seems to be playing out. The latest figures support our view that Egyptian economic growth will accelerate slightly in FY 2009/10 to 4.9%. However, with the recovery in consumption tailing off, much of the growth has been driven by collapsing imports, and the one area of consistent improvement throughout the year - exports - is under threat from a renewed slowdown in developed economies and global trade. Therefore, we maintain that a drop back to 4.8% in real growth in FY 2010/11 is likely as weakening external demand weighs on growth. We forecast the growth rate to improve through 2011-2014, averaging 5.2% on the back of a solid recovery in exports and receding risk aversion.

T he business environment going into Q310 has persistently shown mixed signals. Recent developments have witnessed increasing investment in infrastructure. A tunnel underneath the Suez Canal is to be built with exclusively non-budget funding, easing trade and increasing attractiveness for foreign investors. Also, the Middle East's largest low-cost air carrier, Air Arabia, has inaugurated its direct services from Egypt (Alexandria) to the UAE 's Abu Dhabi. On the other hand, persisting political instability in the run-up to the elections will cause the government to abstain from imposing much-needed austerity measures. Short-term political risk could act as a deterrent to foreign investment

Browse all General Market Research Reports

Browse all General Company Profile Reports

Browse all Latest Market Research Reports

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 500,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com's online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest. Companiesandmarkets.com is focused on providing clients with exemplary customer service and a flexible approach to accessing business information. Our team have extensive expertise in the market research industry and are keen to provide clients advice on their research requirements and possible alternative sources of information; a model which provides clients a value for money solution to research.

Egypt Business Forecast Report Q4 2010: http://www.companiesandmarkets.com/r.ashx?id=IRH7CI108329197&prk=ab5f8eb7533b2489a281eb34353270ed


tags: Presidential Eelections / Shura Council / Turkey / ElBaradei / Egyptian Government / Egyptian Muslim Brotherhood / Suez Canal / / Egyptian Economy / Egypt Business
Posted in Other Issues  
Related Articles
ElBaradei: You cannot simply ignore a group such as the MB with their nationwide support
Dr. Mohamed ElBaradei: Is the Arab world ready for reform?
Muslim Brotherhood supports ElBaradei
Egypt: Irregularities during Shura elections bode poorly for upcoming parliamentary and presidential elections
Internal elections replace %15 of Muslim Brotherhood's Shura Council
National Council for Human Rights reports hampering of Shura Council’s elections
Mubarak appoints remaining members of the Shura council
Egyptian analyst Howeidy believes Turkey has left Arab regimes uncomfortable
Turkey is the Only Middle Eastern Country Pointing Toward the Future
Muslim Brotherhood's opinion in a newsletter regarding Shura elections and Freedom Flotilla
Egyptian government fails to fulfill promises to protect human rights
Al-Erian: MB’s visit with Ghad Party has nothing to do with supporting Ayman Nour in presidential elections
Retrial for Egypt business tycoon set for April 26
Egyptian government is questioned on the disappearance of LE 1272 billion
The Egyptian Muslim Brotherhood: Islamist Participation in a Closing Political Environment
Egypt: Suez Canal revenues since 1975 at $64 billion
Egypt official: new Suez Canal map to guide ships
The Draft Party Platform of the Egyptian Muslim Brotherhood:
Al Ghazali: Freezing Businessmen Assets Disastrous to Egyptian Economy