What is the current economic situation in Egypt?

What is the current economic situation in Egypt?

The policy is aimed at diversifying Egypt’s economy….Economy of Egypt.

GDP growth 5.314% (2018) 5.558% (2019) 3.570% (2020) 3.326% (2021)
GDP per capita $4,176.598 (nominal, 2022 est.) $13,786 (PPP, 2022 est.)

What was happening in Egypt in 2011?

25 January 2011 (“Day of Revolt”): Protests erupted throughout Egypt, with tens of thousands gathering in Cairo and thousands more in other Egyptian cities. The protests targeted the Mubarak government; while mostly non-violent, there were some reports of civilian and police casualties.

How have recent changes in Egypt affected its economy?

How have recent changes in Egypt affected its economy? Rapid population growth has strained the economy. Industrialization is hampered by the limited number of skilled workers and lack of capital.

How did COVID-19 affect the economy of Egypt?

The COVID-19 crisis may lead to a 1.1 percent decline in Egypt’s GDP during the 4th quarter (April to June) of the 2019/20 fiscal year, compared to the same quarter in 2018/19. Without the Government of Egypt’s COVID-19 emergency response package, GDP in Q4 may have declined by 8.7 percent.

What are the current macroeconomic indicators of the Egyptian economy?

Egypt Indicators

Last Previous
GDP Annual Growth Rate 8.3 7.2
Unemployment Rate 7.4 7.5
Inflation Rate 8.8 7.3
Inflation Rate Mom 1.6 0.85

When did the Egyptian revolution of 2011 end?

January 25, 2011 – February 11, 20112011 Egyptian revolution / Period

Why did Egypt shut down the Internet?

On 27 January, various reports claimed that access to the Internet in the entire country had been shut down. The authorities responsible achieved this by shutting down the country’s official Domain Name System, in an attempt to stop mobilization for anti-government protests.

How did COVID-19 affect the economy?

Unemployment in India was at a 45-year high in 2019 and industrial output in the country’s eight core sectors fell by 5.2% at the end of last year. This was the worst situation in the last 14 years. In short words, the economic condition of India was already in bad shape.

What Covid did to the economy?

The toll the COVID-19 pandemic has exacted on the global economy has been significant, with the International Monetary Fund (IMF) estimating that median global GDP dropped by 3.9% from 2019 to 2020, making it the worst economic downturn since the Great Depression.

Why is Egypts economy growing?

Macroeconomic reforms have helped stabilize the economy in recent years, allowing the country to enter the COVID-19 crisis with improved fiscal accounts and a relatively ample level of foreign reserves.

What kind of inflation we are suffering from now in Egypt?

Before the coronavirus (COVID-19) pandemic, the inflation rate in 2020 and 2021 was projected to be 7.2 and 6.1 percent respectively in Egypt.