Egypt economy sputters in democratic era
Currency sinks and government warns of tax hikes as nation endures onslaught of fiscal woes.
Published On 5 Jan 2013
Egypt staged a successful uprising against the regime of former president Husni Mubarak and has held presidential elections.
But the move towards fledgling democracy has not been accompanied by an economic boom.
Instead, Egyptians have endured one financial crisis after another.
The currency has plummeted and the government is threatening tax rises and spending cuts.
Al Jazeera’s Rawya Rageh has the story from Damietta in Egypt.
Source: Al Jazeera