“Oil prices have not increased alarmingly because the market is still working off the surpluses built up in the second half of 2018”
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Soaring inflation along with acute foreign currency shortages have triggered deadly protests since December
According to the IMF, Egypt’s growth rate is among the highest in the region
Higher custom duties are in place to discourage imports
Cairo is going ahead with economic reforms imposed under a 2016 IMF-backed austerity plan.
US puts fear on the back burner