Cairo's economic dilemma

Nield, Richard
April 2008
MEED: Middle East Economic Digest;4/11/2008, Vol. 52 Issue 15, p40
The article looks at the dilemma facing Egypt in relation to the government's economic reform programme. According to the government, due to the reforms, the country is expected to enjoy growth in gross domestic product (GDP) of 7.2 per cent for the financial year 2008/2009. But it is a different story on the streets. Local people are forced to wait in line for several hours to buy that most basic of staples, bread. Up to 15 people are reported to have died in the queues, either from violence or heat-induced health problems.


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