Egypt’s Economy Still Stinks, Despite the Best Efforts of the so-called “Dream Team”
Feb 03
More on Egypt’s economy: despite the massive aid package given by the axis of autocracy in support of the coup, there is still an extreme shortage of dollars, and the economy is no where close to stabilizing, much less achieving sustainable growth or a resumption of meaningful investment. The black market in hard currency, despite the best efforts of the Central Bank, appears to have entrenched itself for the near future as a fixture in the Egyptian economy, with all that implies for the fiscal health — or more accurately — the fiscal distress of the national economy.
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