Pre-Trading Thoughts

The IMF upgraded Egypt’s real GDP growth by 0.4 ppts in 2022 to 5.6%, compared to October 2021 projections. The IMF has downgraded its 2022 global growth forecast to 4.4%, 0.5 ppts less than previously estimated IMF pointed to potential pressure on emerging market currencies and more expensive debt leading to “challenging monetary and fiscal policy trade-offs” as the US Federal Reserve prepares to kick off its monetary tightening cycle The government is planning to sell stakes in state-owned ...