img: Cairo

CAIRO

Egypt


1 June 2020

11:00AM, local time (UTC +2)
Cairo


Egypt’s economy was expected to grow 5.8% in the current fiscal year ending on June 30, and 5.9% in 2020/21. Assuming a continuation of macroeconomic reforms and a gradual improvement in the business environment, economic growth is expected to be less effected by covid-19 in comparison the neighbouring countries.

Egypt’s cosmetics market has actually maintained steady growth over the last 5 years and analysts think that this trend will continue after this emergency. Egypt beauty market is expected to grow double digits.
 

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