A crisis of confidence in Egypt
After a decade of deficits, the government is running out of options
IT IS all anyone can discuss. For the poor, trips to the market are now an ordeal: shopping bags get lighter, yet bills get bigger. The middle class must choose between car payments, school tuition and groceries. Business owners are wrestling with supply-chain woes caused by a shortage of hard currency that has left billions of dollars of goods stuck at ports.
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This article appeared in the Middle East & Africa section of the print edition under the headline “Pyramid scheme”
Middle East & Africa January 28th 2023
From the January 28th 2023 edition
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