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Egypt Nears Takeoff

Egypt Nears Takeoff

Former Finance Minister and economist Youssef Boutros-Ghali said Egypt had weathered shocks caused by external crises, including the COVID-19 pandemic, the fallout from the war in Ukraine, and regional turmoil, and had succeeded in restoring fiscal balance. He added that inflation was easing, the budget was running a primary surplus, and public debt as a share of GDP was on a downward path. He said the country was “on the brink of takeoff” and that upcoming measures would benefit the middle class, which he described as the foundation of economic development.

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