Assessing Egypt’s Post-Tahrir Economy
As Egypt basks in the glow of a successful social and political uprising that forced President Hosni Mubarak from power, it faces daunting economic questions. Tourism, a vital industry, was badly disrupted by the rioting. Moreover, the country has been forced to start importing oil. Keeping state coffers lined to make good on recent renewal pledges will be difficult. On the upside, the Suez Canal continues operating and oil is still flowing, averting a meltdown.
As Egypt basks in the glow of a successful social and political uprising that forced President Hosni Mubarak from power, it faces daunting economic questions. Tourism, a vital industry, was badly disrupted by the rioting. Moreover, the country has been forced to start importing oil. Keeping state coffers lined to make good on recent renewal pledges will be difficult. On the upside, the Suez Canal continues operating and oil is still flowing, averting a meltdown.
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