A decade after the 2008-2009 global financial crisis, the vulnerability of the world's economic architecture has once again been demonstrated by the coronavirus (Covid-19) pandemic hitting the global economy through supply and demand shocks as a (...)
The world has undoubtedly become a small village, sharing many global opportunities as well as threats, and the coronavirus outbreak in China has been a case in point. Its spillover effects have entailed potentially huge economic and financial costs (...)
Climate change is expected to transform the way economies operate worldwide as a result of its potential destabilising effects on both the real and financial sectors of the economy. To date, many countries have dealt with climate change as involving (...)
Some of the most eminent global drivers of change, which have started a structural transformation process in economies worldwide, have policy implications for the Middle East and North Africa (MENA) region and its employment-generation potential in (...)
In close coordination with the government, the Central Bank of Egypt (CBE) has recently announced a new initiative for stimulating both the industrial and the real-estate sectors.
Specifically, the CBE has announced the allocation of what amounts to (...)
What are some of the pre-conditions or pre-requisites for ensuring the success of the ongoing monetary policy easing, undertaken through a series of interest-rate cuts, in stimulating growth, creating more jobs, reducing poverty and ultimately (...)
The Central Bank of Egypt (CBE) initiated a series of interest-rate reductions starting in 2018, followed by a further number of cuts in 2019, the last one of which was in November.
This followed a period of what is called “contractionary” monetary (...)