How the coronavirus is impacting Egypt’s economic outlook

Egypt economic impact

Egypt has been identified as the origin of several coronavirus infections in other countries long before it confirmed its own cases. The country appears to have slowed down its initial response due to political necessity and in order to support the tourism sector, as well as its inadequate healthcare infrastructure. Regardless, the impact of the crisis on Egypt’s economy is inevitable. Political Instability So far, Egypt has imposed a nationwide overnight curfew and ban on public gatherings during the Muslim holy month of Ramadan. In this period, Muslims traditionally come…

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