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Egypt: Inflation measures not preventing private sector downturn
The article focused on the deterioration of the non-oil private sector’s performance in Egypt during May, as it remained in a state of contraction due to rising input costs, particularly fuel, diesel, and electricity, along with currency depreciation and increased wage pressures. Despite a slight uptick in the Purchasing Managers’ Index, it remained below the 50 mark that separates growth from contraction, indicating a slowdown in economic growth. Inflation forecasts for 2026 and 2027 suggest higher rates, while supply chain disruptions and workforce reductions are leading to decreased investment opportunities and rising poverty levels.
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