Egypt Current Account Swings Back Into Deficit
- Publisher:
- Wochit
- Publication Date:
- 1 April 2014
- Tags:
- Egypt, Economy, Business and Finance
Egypt's current account recorded a deficit of $755.8 million in the six months ending December, swinging back into the red after billions of dollars of Gulf aid helped it record a surplus in the three months ending September. The current account had recorded a surplus of $757 million between July and September, boosted by the aid from Gulf Arab states that rallied to Cairo's side after the army deposed Islamist President Mohamed Mursi.
