Cairo – Mubasher: Egypt’s current account deficit is expected to decline in tandem with the suspension of natural gas imports as of January 2019, according to a report released by Beltone Research.
As for the Egyptian pound’s exchange rate, Beltone expected that it will stabilise in the fiscal year 2018/2019 on the back of easing pressures affecting the currency.
The services sector is expected to flourish, as a result of a rise in tourism revenue by around $11.1 billion, Beltone projected.
