Egyptian Economy: Declining Not Recovering

Source: Egyptian Institute for Studies

Author(s): Abdelhafez Alsawy

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The economic situation is undoubtedly a major factor for the stability of any society. However, the regime of General Abdel Fattah Al-Sisi mainly relies on tightening its security grip which is significantly supported by the army. Also, we cannot overlook the regional and international support for the Sisi regime, both in armament through the unconditional supply of weapons and at the economic level through the lavish grants and loans that the regime has received.

There is some improvement in financial and monetary indicators that some see as an indicator of economic recovery that paves the way for achievement of economic stability in the country. However, this is a hasty conclusion that does not take into consideration the high costs of such improvement.

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