Moody’s expects Egypt’s economy to expand by 5 percent in the fiscal year ending June 2016.
The agency says Egypt’s economic growth “will mainly be driven by large, government-led infrastructure projects, increased foreign investment, and a rise in tourism.”
“We expect that Egypt’s banking system will benefit from improved operating conditions, resulting in rising consumer confidence and business investments, which in turn will support loan growth and asset quality,” said Melina Skouridou, CFA Moody’s lead analyst for Egyptian banks.
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http://www.worldtribune.com/2015/07/15/egypts-banking-system-gets-upgraded-to-stable-by-moodys/