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Egypt still reaping rewards of 2016 reforms as inflation slows to 4.2% in July

Annual inflation in Egypt slowed to 4.2 percent in July, the lowest since November as the country continues to enjoy a raft of economic reforms it took on in 2016.   From floating the Egyptian pounds to reducing the ballooning budget deficit and phasing out unsustainable subsidies, Cairo kick-started reform programmes, as part of the…

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