Egypt: Political Transition vs. Economic Challenges?
The revolutionary events of January and February 2011 opened the door for democratic transition in Egypt, but the road to a stable and sustainable democracy will be long and full of challenges. However, the macroeconomic environment post-revolution has become increasingly worrying as a result of past fiscal and monetary imbalances, revolution-induced shocks and unstable politics. This inability to address pressing economic challenges may hurt the nascent and fragile Egyptian democracy.
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