VOL. XXXVIII

NO. 20

13-FEBRUARY-1995

Financial andBanking News

Economic Indicators

Egypt's Trade Balance Widens As Exports Decline

Egypt's trade deficit widened to $7,651mn in the year to 30 June 1994, anincrease of 5% on the previous year. The main reason for the decline was a fallin petroleum receipts. Other indicators showed limited improvements. Importsdeclined slightly over the year.

Egypt's export performance is currently the subject of some debate betweenEgyptian officials and the...