Egypt’s Dire Economy
Some eight months after the ouster of its long-serving strongman, Hosni Mubarak, Egypt’s revolution remains the most prominent byproduct of the so-called “Arab Spring.” But where, exactly, is Cairo headed? While there remains no shortage of optimism about Egypt’s future in many quarters, a close look at the economic indicators suggests that the country may not be moving toward post-revolutionary stability at all. In fact, it is rapidly heading in the opposite direction.