Egypt Continues To Experience A Wave Of Economic Downward Spiral

The Egyptians have been going through rough times with the rising inflation and devaluation of their currency which have shrunk standards of living in the country. The continuous economic problems which have now evolved into a crisis as the government announced a gas price increase of 50 percent and a raised electricity price of 26 percent all stemmed from the 2011 uprising known as the January 25th revolution. The significant revolution which took place across the whole country involved demonstrations, marches, occupations of plazas, non-violent civil resistance, acts of civil disobedience and strikes with millions of protesters ranging from socio-economic and religious backgrounds demanding the overthrow of former Egyptian President Hosni Mubarak, who eventually resigned after the 18days protest.

Locals within the country continue to express concerns of survival over the lingering economic strife, stating that the middle-class in the country is practically non-existent, as about seventy million Egyptians are dependent on government ration cards to buy food, while prices of clothes have increased by 150 percent since 2016. Even as the International Monetary Fund (IMF) loaned the Egyptian government $12 billion in 2016, the economy still continues to struggle to source for means to increase its revenue through trade.


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