Middle East Economic Survey
VOL. LIV
No 17
25-Apr-2011
EGYPT
Moodys Sees Negative Outlook For Egyptian Banking System
Moodys Investors Service changed the outlook for the Egyptian banking system to negative from stable on 19 April. The rating action expresses the agencys expectations for a slowdown in economic growth to around 2% in the next 12-18 months given the negative impact of the recent domestic and ongoing regional unrest on tourism, foreign direct investment, incoming fund flows...
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