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Economic Reforms Prepared Egypt to Weather COVID-19 Crisis, an Industrial Info Market Brief

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Industry Segment: Market Brief | Word Count: 123 Words
Attachment: egypt

Egypt was on a reform program with the International Monetary Fund from 2016-2019, and has brought about various changes to its economic policies, specifically on the tax side.

The recent economic growth, coupled with the $6 billion (100 billion Egyptian pounds) aid package to stem the fallout of COVID-19, which was approved by the El-Sisi government, has helped the country fight the crisis. It is expected the Egyptian economy will grow in 2020, although at a modest rate of 2%, compared to last year's 5.6%.

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