GUIDANCE
In Egypt, COVID-19 Aggravates a Weak Start to 2020
Apr 1, 2020 | 10:00 GMT
(Islam Safwat/NurPhoto via Getty Images)
Highlights
- Simmering anxiety among Egypt’s general population has belied Egypt's economic growth since the 2011 Arab Spring, endangering the country’s regional security and financial situation.
- If Egypt’s recently acquired macroeconomic stability continues to misalign with the economic uncertainty felt by its citizens, it will also become a political liability for President Abdel Fattah al-Sisi.
- The COVID-19 pandemic will only augment this vulnerability by slowing down Egypt’s recent industrial growth while likely also creating a serious near-term blow to the country’s critical tourism sector.
Subscribe Now
SubscribeAlready have an account?