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Osama Kamal: Crisis recovery is just the start
Media personality Osama Kamel confirmed that Egypt has managed to overcome the current economic crisis. However, this does not mean the crisis has completely ended. The true test is repeated shocks to assess the economy's ability to handle them. He pointed out that foreign currency reserves remain above the sufficient level according to the International Monetary Fund, and that inflation rose due to the decline of the Egyptian pound and rising energy prices. Nevertheless, the increase was less than expected, with a delay in bringing inflation back to the target by about an additional year. He clarified that Egypt has become more capable of facing crises, and overcoming them indicates an improved ability of the economy to withstand shocks. However, repeated shocks remain the real test of the state's capacity to deal with economic challenges.
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