Egypt’s Economy – The Best is yet to Come

Egypt’s Economy – The Best is yet to Come

Financial analysts and economists have undeniable signals that Egypt’s economic situation is if not exactly strong at least not as bad as it might should have been, given the revolutionary upheaval which in other countries have brought vast deterioration and destruction to the economy.
Contrary to expectations, the Egyptian pound did not collapse, and although it did decline, that was already its trajectory before the revolution. The same applies to the stock market. Prices fell there too, but not to the devastating degree predicted by some. Moreover, shares began to rise again.
Egypt will continue moving on the way towards free economy that will be parallel to attaining social equality to guarantee distributive justice; taking into consideration the necessity to change the stereotype image of the “vague political future” that was linked with Egypt in the World formerly, and which was marked by increasing rate of corruption and spread of bureaucracy that hindered investment and development.