A Short Interview on Egypt's Economy

by Unknown 5:55 PM - Tuesday, April 19, 2016 0 comments cairo economy Egypt egyptian egyptianeconomy money Pyramids

Hello, I recently did an interview with someone that has a great knowledge in Egyptian economy.


1: How do you see the Egypt’s economy in future? 
"The economy is sluggish right now and it seems difficult for the economy to recover soon as the situation is getting worse day by day. Unfortunately, it doesn't seem to have a bright future."

2: How does Egypt generate its income? (What are the sources of income for Egypt?)
"Well! It used to get a lot of income from the Suez Canal, but now it is closed (sealed) for the tourists and media. It used to get huge media attraction as Egypt had been the Hollywood of the Middle East."

3: Is it possible for the economy to recover?
"Theoretically yes, but it would take hard work to do so. Actually, people here are not productive and hardworking, and it shows they won’t be in future too."

4: Does dollar have a role in the economy?
"Dollar is a very important currency for the economy from business perspective. It is used to buy goods from other countries, but since we only import and not export, dollar is rare and expensive."