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Daily News Egypt: Egypt’s economy over 6 years

Three variables need to be reduced: inflation, unemployment, and debt; and three others must be increased investment, growth, and export.
05.02.17 | Interesting article at Daily News Egypt

here are three variables in any economy which need to be reduced: inflation, unemployment, and debt; and three others which must be increased, including investment, growth, and export. There are also some intermediate variables that contribute to achieve those six goals, such as increasing the savings which help boosting investment and fighting poverty through reducing the unemployment rate, inflation, and so on.

There is no doubt that the Egyptian economy has suffered after the revolution. The following statistics were taken from a report aired on a programme on CNBC Arabiya. The presenter of the programme said that this report is based on data provided by the Central Bank of Egypt (CBE), the International Monetary Fund (IMF), and Emirates NBD.

Egypt achieved an economic growth rate of 4% in 2016 compared to 5.3% in 2010.

Inflation amounted to 24.4% in 2016 compared 13.6% in 2010.