Why Egypt's Economy is STRUGGLING from Constant Catastrophes
Why Egypt's Economy is STRUGGLING from Constant Catastrophes
Egypt’s economy has been hit hard by a huge increase in internal and external debt. The situation has gone from bad to worse due to crises like Covid, the Russia-Ukraine conflict and increases in the U.S. interest rates.
In 2020, Egypt’s economy was one of the few countries that avoided a recession because of the pandemic. But due to the…
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Holly crap. You did an amazing job. Well done!
Wow! I thought that Egypt has their own oil, but it turns out that they rely on import!
Thanks for sharing this with us otherwise I would have never known the fact!
You had earned my like for this!
Great Video. Thank you for making my suggestion.
Amazing Video ! Keep Going
Whenever a country is facing economic problems, first check if they have any economic/trade/geopolitical relations with China. That gives you the root cause. Directly cause is when china is actually causing a debt trap, this one is a later stage(results part). Indirect root cause is – the leadership was dumb enough (to get in bed with china).
Strange; this video wasn't in my feed until just now. I think the algorithm is lowering these again.
Chin up. It can only get better from here.
Also, because I'm superficial like that; first. đ