Egypt economy sputters in democratic era

Currency sinks and government warns of tax hikes as nation endures onslaught of fiscal woes.

    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


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.