Latest news with #balanceofpayments
Bloomberg
4 days ago
- Business
- Bloomberg
Risks Abound If Trump Ties Tariffs to a Balance-of-Payments Crisis
Countries tend to avoid declaring they're facing balance-of-payments problems, for good reason. They unnerve markets. They remind people of policy failures in places like Argentina, Greece or Thailand. They conjure up images of IMF technocrats flying in to enforce austerity regimes. But after a US court last week ruled the bulk of his global tariffs illegal, that may be the step President Donald Trump is forced to contemplate if he wants to keep his import taxes. Which raises all sorts of interesting questions for financial markets.
Zawya
07-05-2025
- Business
- Zawya
Egypt's BoP registers deficit of $502.6mln in H1 FY2024/25
Arab Finance: Egypt's balance of payment (BoP) recorded an overall deficit of $502.6 million in the first half (H1) of fiscal year (FY) 2024/2025, compared to $409.6 million in H1 of FY 2023/24, according to a report issued by the Central Bank of Egypt (CBE). The current account deficit reached $11.1 billion, higher than $9.6 billion a year earlier. This was driven by a 47.4% surge in the trade deficit to $27.5 billion and a 21.2% plunge in services surplus to just $7.2 billion. Meanwhile, the capital and financial account recorded a net inflow of $7.9 billion during July-December 2024, down from $8.4 billion during the same period in 2023. Foreign Direct Investment (FDI) in Egypt registered a net inflow of $6 billion, while portfolio investments recorded a net outflow of $3.7 billion. The non-oil trade deficit increased by 33.8% year-on-year (YoY) or 5.3 billion, hitting $20.8 billion in H1 of FY2024/25, compared to $15.6 billion. The oil trade deficit jumped to $6.7 billion from $3.1 billion. Suez Canal transit receipts retreated by 62.3% YoY to $1.8 billion in the six-month period that ended on December 31st, 2024, versus $4.8 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
