Business

Egypt: Austerity Risks Further Unrest

A new government but the same old problems. Three years of political turmoil has seen Egypt's economy slide deeper into debt. New President, Abdel Fattah el-Sisi says he's determined to fix it. He's already raised taxes on cigarettes, alcohol and more recently on stock market gains. But it's the near 80 percent increase in energy prices that was seen as the biggest shock. Firas Abi Ali is from IHS Country Risks.

Advertisement—Continue Reading Below

Share