Ziad Daoud

Ziad Daoud

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Chief Emerging Markets Economist at Bloomberg. Tweet mostly about economics and the Middle East. PhD @LSEEcon. Views are mine. الأحد بالعربي

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Egypt is on a positive autopilot: • Inflation fell from 38% in late 2023 to 11.9% in January • The pound is strengthening • Reserves are rising What's helping? • A recent exit from crisis • International support • Falling global interest rates bloomberg.com/news/articles/20...…

Egypt inflation: • Peaked at 38% in Sep-2023 • Fell to 12.8% by Feb-2025 • Picked back up to 16.8% in May Why the rebound? Food & beverages rose from 3.7% in Feb to 11% in May Authorities are targeting 5%-9% inflation at end-2026 bloomberg.com/news/articles/20...…

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