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Shorouk Economic Bulletin June 29 2026 Stock markets fall and Goldman Sachs predicts dollar drops to 46 pounds
The article discusses Egypt's economic forecasts, where Goldman Sachs expects the US dollar to depreciate against the Egyptian pound to 46 pounds within 12 months. It also anticipates a decline in inflation and an appreciation of the pound by approximately 13 to 15% in real exchange rate terms. Additionally, the report indicates a slight increase in the current account deficit, reaching around 4.7% of GDP. Since 2014, more than 1,951 projects worth 203 billion pounds have been implemented to strengthen infrastructure and promote economic development.
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