The need for a more open political environment, in addition to debates over the pros and cons of a market-based versus state-controlled economy, have been at the heart of debates over reform for decades.
Feb 27, 2014
Egypt's economy is currently suffering in particular from three issues: a huge budget deficit estimated to hover at around 12 percent of the GDP; a balance of payment deficit due to the slowdown in tourism and large capital outflows; and the continuous erosion of foreign reserves.
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