inflation -- 1.4 United States -- 1.5 Euro Area -- 1.6 Japan -- 1.7 China -- 1.8 Global trade -- 1.9 Global financial conditions …2.3.2 Financial sector -- 2.3.3 Banking systems -- 2.3.4 Inflation and monetary policy -- 2.3.5 Fiscal policy -- 2 ….4.3 Egypt: Balance of payment pressures -- 2.4.4 Inflation -- 2.4.5 Financial conditions in GCC -- 2.4.6 Growth outlook -- 2 …