NKC expects strong rebound for Egypt economy after reforms

Egypt’s economy is expected to witness more rebound in the coming period, an economist at Oxford Economics’ subsidiary said Sunday.

Speaking at Builders of Egypt Forum in Cairo, Nadene Johnson, an economist at Oxford’s NKC African Economics, hailed Egyptian government’s bold economic reform measures, notably the most significant was the liberalization of the Egyptian pound in late 2016.

“Economic growth prospects have improved as reform efforts bear fruit. The main drivers include strong growth in real exports as competitiveness improves, and continued investment in Egypt,” Johnson said.