Ties between the world’s two largest economies have deteriorated dramatically since Trump announced on August 1, 2019 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on September 1, 2019 prompting China to halt purchases of US agricultural products.
Egypt’s headline inflation rate fell to its lowest in nearly four years, dropping to 8.7% in July from 9.4% in June; official figures from the CAPMAS statistics agency showed on Thursday.
The latest poverty figures come as Egypt prepares to receive the final $2 billion tranche of a $12 billion loan package negotiated with the IMF in 2016 in return for a strict austerity programme.
IMF demanded that Congo ensure the long-term sustainability of its debt as a precondition for a three-year extended credit facility programs.
Egypt’s annual urban consumer price inflation eased to 9.4% in June from 14.1% in May, official statistics agency CAPMAS said on Wednesday, a sharper decline than many analysts had expected after last week’s fuel price hikes.