Recently published research from Business Monitor International, "Egypt Freight Transport Report Q4 2015", is now available at Fast Market Research
[ClickPress, Wed Sep 09 2015] Egypt's economic growth will gather steam over the coming quarters on the back of political stability, pent-up demand and a weaker currency . While this will be good for the country's exports, it does mean that the country's domestic consumer demand for imports of container goods - whether transported by air or in intermodal containers - will falter. However, support in this regard will come from the steady improvement in the tourism sector, where increasing political stability and a weak currency will encourage returning visitors, with their own demand for goods imports.
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We expect growth in the Egyptian economy to pick up steam in the coming quarters with fixed investment becoming the key contributor. We retain our expectation for real GDP growth of 3.0% in FY2015 (fiscal year running from July 2014 - June 2015) and 4.1% in FY2016, from an estimated 2.2% in FY2014. Our forecasts are a notable uptick compared with previous years; however, economic expansion on par with the early 2000s at 5-6% is off the cards until 2017 at the earliest. Growth will be increasingly driven by fixed investment as consumer and government spending remain weighed down by fuel subsidy reform. Over the longer term, we see increasing potential for Egypt to sign an IMF Stand-By Arrangement. It has already undertaken some of the required reforms such as cutting energy subsidies and widening the income tax base, and while we do not expect an agreement to be reached in 2015, any positive signals from negotiations over the coming quarters could bolster investment activity next year. This more positive outlook is reflected in our outlook for economic growth and trade, and also, as a result, the freight transport sector.
The Egypt Freight Transport Report has been researched at source, and features latest-available data covering commercial transport and logistics by road, rail, air and water; industry forecasts, company rankings covering leading national and multinational operators; and analysis of latest industry trends, opportunities, projects and regulatory changes.
Business Monitor International (BMI)'s Egypt Freight Transport Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Egyptian freight transport and logistics industry.
* Benchmark BMI's independent freight transport industry forecasts on Egypt to test other views - a key input for successful budgetary and planning in the strategic freight transport market.
* Target business opportunities and risks in the Egyptian freight transport sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Egypt.
* Assess the activities, strategy and market position of your competitors, partners and clients
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