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Fitch Solutions' BMI revises Egypt’s FY2025/26 account deficit forecast at 3.3%
Egypt’s current account deficit is expected to increase to 3.3% of gross domestic product (GDP) during fiscal year (FY) 2025/2026, compared to 2.2%, as per a report from Fitch Solutions’ research unit BMI. The reports indicated that the US-Iran conflict led to higher energy bills, slower tourist arrivals in the second half (H2) of FY 2025/2026, and a delayed recovery in Suez Canal revenues. [...]