ഉലയുന്ന പിരമിഡ് | Egypt into Deep Economic Crisis ? | Ravichandran C

The economic crisis in Egypt
Egypt is now experiencing a real economic crisis, reflected in sequential rises in commodity prices and the decline in the country’s fixed foreign exchange reserves, which has caused a significant drop in the value of the pound against the dollar.
Despite what the Egyptian media say, that the crisis is one of the results of the disruption in supply chains caused by the Corona pandemic and the Russian-Ukrainian war, observers and economists believe that the crisis is rather complicated and driven by internal and external reasons that brought the country’s fragile economy to its knees.
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