BEFORE
During the global recession in 2008-2009, Egyptian’s economy took a backseat. The economy remains relatively dominant by the military and by cronies of the former government, with all the corruption and dishonesty that go with that, consequently, less opportunity for a growing population, mainly young and often well-educated Egyptians [3].
AFTER
The Egyptian economy has been in decline since Hosni
Mubarak stepped down. The effects of the current slowdown are most visible in
terms of domestic consumption, direct private investment, and tourism [3]. Without
growth, there are no new jobs. Unemployment rate in 2012 was almost 13%, representing
3.6 million people out of work, rising to about 25% for the age group 15-29 [2].
For more statistical facts about current economic state: Egypt Struggles to Emerge from Economic Downturn
For more statistical facts about current economic state: Egypt Struggles to Emerge from Economic Downturn
Source: tradingeconomics.com
