How Trump's economic policies could hurt Egypt
In a time of global economic uncertainty, Egypt is worried about how US President Donald Trump’s decision to pull out of the Trans-Pacific Partnership trade agreement will affect the Suez Canal.
CAIRO — The World Bank's global growth forecast for 2017 has something for everyone — from doubt, to caution, to cautious optimism. And while not mentioning US President Donald Trump by name, the report makes it clear his policies could change things considerably for much of the world, including Egypt, for better or for worse.
On Jan. 10, the bank slightly downgraded its 2017 global growth forecast from the 2.8% predicted in June 2016 to 2.7%. Yet the predicted growth is still an improvement over last year's 2.3% and is equal to 2015's.
