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Maait: Current conditions hinder economic optimism
Dr. Mohamed Mounir, Executive Director at the International Monetary Fund, focused his statements on the fact that the Egyptian economy has not yet significantly improved for the citizens, due to fluctuations in the global economic conditions, such as rising oil prices and the repercussions of the Gaza and Iran conflicts, which have led to ongoing instability. He emphasized that Egypt has succeeded in increasing its resources and rationalizing spending to absorb the impacts of the wars, but the current policies, such as flexible exchange rates, have not yet translated into a sense among citizens that the overall economic situation has improved, especially with rising inflation and energy prices. He stated that the current circumstances are not conducive to a noticeable improvement in the living conditions of the population.
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