When the Arab Spring began, Egypt stood on the brink of disaster
The Arab Spring has begun to show its limitations, with Egypt’s economy slowly sliding into recession and a weak economy and the prospect of more economic and political turbulence.
In the past few months, the Egyptian economy has experienced a huge decline, with GDP per capita falling from $2,700 in 2011 to $2.15 today, according to a report by the Economic and Political Weekly (EPW), an independent monthly newspaper.
The report says that the country has fallen behind countries such as Tunisia, Tunisia and Morocco, which are all projected to experience a similar economic collapse as Egypt.
Egypt’s GDP per person was just $7,400 in 2011, and it has been on a downward trajectory since then.
The decline has been largely due to a decline in exports, which have plummeted by 20% over the past five years.
According to the EWP, the main reason for the slowdown is the weakening of Egypt’s oil sector, which has suffered from overproduction and the resulting decline in revenue.
According the EPPW, Egypt’s domestic demand fell from $10 billion in 2011 and was projected to decline to $5.5 billion in 2020, while imports increased by $3.2 billion in 2015 and are projected to increase by $4.8 billion in 2018.
Egypt also had the world’s highest debt load, and the economy contracted by 7.7% in 2015.
Egypt has been struggling with the effects of the Arab uprisings and is also experiencing an economic downturn as a result of the political turmoil.
Egypt is still the only Arab country in which the Muslim Brotherhood, which represents the political wing of the ruling Islamist party, holds a majority in the Egyptian parliament.
The party’s current political leader, Mohammed Morsi, has faced criticism over the handling of the crisis, but his popularity is expected to continue to rise as the crisis unfolds.
The economy is expected see a return to a growth rate of 6% to 7% in the next two years, with the economy expected to recover by 2019 and 2020.
Egypt experienced a major economic boom during the Arab spring, when it began implementing a series of reforms in the 1980s and 1990s, including the establishment of an independent national bank and a national bank, the establishment and expansion of the central bank and the establishment in the financial sector of the Egyptian central bank.
In 2011, the economy grew by more than 20% in real terms.
Egypt suffered from a severe shortage of foreign exchange reserves in the early 1990s due to the international financial crisis, and this led to the currency crisis.
In 1994, a number of international companies such as Bank of America, Standard Chartered and HSBC entered into an agreement to hold foreign currency reserves at the central banks.
The IMF and World Bank were also instrumental in stabilizing Egypt’s financial system, which helped to keep the economy afloat.
But in the late 1990s and early 2000s, Egypt was hit by the global financial crisis and the collapse of the Soviet Union, which led to a recession.
This led to Egypt’s economic collapse in the mid-2000s.
The crisis also impacted the country’s export-oriented sectors, which had been booming.
The economic downturn has resulted in the slow growth of Egypt, with per capita income dropping from $5,000 in 2011 for the first time in the past decade to just $2 by 2020.
The EPPHW said that Egypt has experienced “significant growth and inflation in the current economic cycle.”
In fact, Egypt has seen a rise in the number of Egyptians who do not have a job since the economic crisis began.
According an official from the Egyptian Ministry of Finance, the increase in unemployment is caused by the recession.
The official said that in 2016, around a third of the workforce was unemployed, and in 2017, over 20% of the unemployed workforce is unemployed.
The number of Egyptians in poverty is also rising, with an average of $1,500 per month in 2017.
Egypt will be unable to maintain the growth of the economy, according the EDPW.
Egypt was the second largest oil producer in the world in 2015, and is expected in 2019 to become the world leader in oil production, but the country is still struggling to meet its oil consumption.
Egypt imported $5 billion worth of oil in 2016.
It is expected that in 2019, the country will import $7 billion worth oil, which is a decline of nearly half of its oil imports in 2016 to $8 billion.
Egypt needs more than $15 billion in order to be able to continue its current production levels, and will therefore not be able meet its commitments to the IMF and the World Bank.
Egypt currently imports over half of all its oil from the Persian Gulf countries, with Saudi Arabia and the UAE the top two suppliers.
Egypt and the United Arab Emirates are the only two Arab countries that are the world leaders in producing oil.
In addition, Egypt imported more than a third (35%) of its crude oil from Iraq, according EPPPW.