Pre-Trading Thoughts

The IMF predicts global growth will slow to 2.7% in 2023, 0.2% lower than its July forecast. The IMF revised its forecast for Egypt’s economic growth during FY2022/23 to 4.4%, compared to 4.8% that was projected in July. Egypt external debt decreased to USD155.7 billion by the end of June 2022, compared to USD157.8 billion at the end of March. The trade deficit decreased to USD2.7 billion during July 2022, down 29% YoY. Exports increased by 2.2% YoY to record USD3.13 billion during July 2022....