Impact of COVID-19 on projected inflation in Egypt 2020-2021

Before the coronavirus (COVID-19) pandemic, the inflation rate in 2020 and 2021 was projected to be 7.2 and 6.1 percent respectively in Egypt. However, with the baseline assumption that coronavirus subsided in July 2020, it was estimated that the inflation would be slightly higher for 2020 at 7.4 percent and with 8.6 percent in 2021. When considering the pandemic to persist to December 2020, it is projected that the inflation rate for 2020 would be eight percent, while 2021 would be 8.5 percent.

Impact of coronavirus (COVID-19) on projected inflation in Egypt in 2020 and 2021

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Source

Release date

June 2020

Region

Egypt

Survey time period

June 2020

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst-case scenario: pandemic continues to December 2020

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