Despite displaying the features of an emerging economy and creating a perception that things are improving in the year 2008, a closer look at Egypt reveals otherwise with major economic and political problems hidden underneath. One of the long-term issues was inflation which was relatively high. As the worldwide economic meltdown took the center state in year 2008-2009, the country saw many of their economic drivers slowdown. Tourism one of the drivers in the country economy fell sharply as the economic crisis continued. Also, the Egypt’s working expatriates remittances dropped as the as construction in the gulf region stalled. Earning ...
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