Emerging market investors find stability in Egypt. A white paper by Emirates NBD asset management and Jupiter Asset management stated.
The paper argued that Egypt had the highest potential in the region especially with the stabilization of its economy and an outlook for growth in the mid-long term.
Several factors created this outlook, among which are stable currency, stable foreign reserves and normalizing inflation (from 33% in 2017 to 11.4% in May 2018) which is why the Egyptian economy is expected to enjoy a relief period for the next year and and a half.
The outlook for Egypt was positive, with several steps underway to ensure maintaining the progress, among which are self-sufficiency in gas, lower interest rates and stability of stock market which is expected to offer returns as high as 50% over the next 2 years.
Other expected returns to the stability are rising wages and lower real estate costs as well as an increase in exports supported by an increased FDI.