The Egyptian Revolution and continuing labor unrest and strikes have cost Egypt's economy at least US $3.5 billion, according to Finance Minister Samir Radwan. Some $2.2 billion of that is in lost tourism revenues. In addition, foreign direct investment, originally estimated at $7 billion for the fiscal year ending in June, is now estimated at $3 to $4 billion.
Egypt's economic problems were ironically a main trigger of the protests, but during thr uncertaintes of the present transitional period, things may well get worse before they get better.
Too bad for the Egyptians who were actually fighting for a better economy too. It's not surprising to see that one of their main source of revenue, the tourism sector has been affected as well by this crisis. I am curious to see how the new government will set up new measures to improve this situation.
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