2 Days
Source:
مصراوي
Adib warns middle class has declined
Amr Adib discussed in his article the deterioration of living conditions in Egypt due to rising prices, explaining that the middle class has slipped into the poverty category, which reduces their purchasing power and impacts consumption activity. He noted that inflation is not only driven by internal factors but is also influenced by global variables, such as oil prices, which have risen from $75 to $105 per barrel, and the doubling of prices for some commodities like eggs, without this being reflected in a proportionate decrease in costs. He also warned that regional developments could lead to increased demands for broader price hikes. Additionally, he emphasized the need for effective strategies to support citizens and mitigate the effects of the economic crisis, raising questions about how open the market really is and how economic policies impact the lives of ordinary people.
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