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Impact of coronavirus (COVID-19) on projected current account balance in Egypt in 2020 and 2021

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Source

Release date

June 2020

Region

Egypt

Survey time period

June 2020

Supplementary notes

Assumptions:

1) Baseline scenario: pandemic subsides in July 2020
2) Worst scenario: pandemic continues to December

Citation formats

Impact of COVID-19 on projected current account balance in Egypt 2020-2021

Published by Agne Blazyte, Sep 8, 2020
The coronavirus (COVID-19) pandemic is expected to worsen the situation for the Egypt net exports. Before the occurrence of the pandemic, the estimates where showing a deficit of *** and *** percent of GDP in 2020 and 2021, respectively. However, in the worst scenario, when the coronavirus crisis would continue until December 2020, the current account balance is believed to be *** percent of GDP in 2020 and *** percent of GDP in 2021.
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