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Despite the COVID-19 pandemic and the rise in commodity prices globally, Egypt succeeded in maintaining inflation rates within the Central Bank of Egypt’s (CBE’s) target range of 7 percent (±2 percent) in 2021, at a time when many countries of the world are witnessing a wave of high inflation.
The Caribbean tourism industry and the hotel/restaurant food service sector have been significantly impacted in both the near and long-term as a result of COVID-19.