Egypt economy likely to remain unshaken by Sinai attack

The mosque attack in Egypt’s Sinai may only strengthen the view that the country needs continued IMF support as agreed a year ago and the economy is likely to quickly shake off any negative repercussions, economists say.

Gunmen carrying the flag of Islamic State killed more than 300 worshippers in the attack on the mosque, the worst such attack by militants in Egypt’s modern history.

Tourists and investors seem unlikely to be much deterred by the attack, which took place in an isolated spot far away from Egypt’s main tourist resorts and economic centres.