🇪🇬EgyptNorth Africa
Egypt's economy shows resilience amid Middle East conflict, says Foreign Minister
via Egypt Today2 hours ago1 min read
Foreign Minister Badr Abdelatty stated that Egypt's economy has demonstrated resilience despite ongoing challenges from the Middle East conflict. Speaking at a World Bank session, Abdelatty attributed this to structural and monetary reforms. He noted that escalating military tensions have impacted the global economy, leading to increased energy and fertilizer prices, higher inflation, rising food costs, and disruptions to supply chains, trade, and tourism, which have strained public finances. The minister highlighted that economic reforms have helped Egypt manage these challenges and outlined government efforts to enhance resilience, including securing sustainable energy and essential commodities. These measures are part of a proactive strategy to maintain macroeconomic stability and advance the country's economic reform program.
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Original source
This summary was AI-generated from a story originally published by Egypt Today.
