Egypt is witnessing an economic recovery after a severe currency crisis.. Is it sustainable?.
The Egyptian economy receives positive signs two weeks after its decision to float the pound. The capital invested in the tourism development deal with the Emirates enabled Egypt to initiate a series of measures aimed at stabilizing its economy. However, amid the euphoria surrounding Egypt's new economic vitality, questions remain about the sustainability of this recovery. The continued decline in the value of the Egyptian pound that began in 2022 exacerbated inflationary pressures in Egypt.