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Egypt

After Arab Spring, The Price Of Revolution Is Slow Economic Growth

Egypt and Tunisia began 2011 with a revolutionary bang. But over the course of the year their respective economies have gone flat. Leaders from the Arab Spring countries know that stoking economic growth may be the best chance to make democracy last for t

A recent protest in Cairo over university fees (Gigi Ibrahim)
A recent protest in Cairo over university fees (Gigi Ibrahim)

Nine months after the first buds of the so-called "Arab Spring" blossomed, the two countries that led the uprising – Egypt and Tunisia – are facing a painful economic reality. Tourism, one of the most significant sources of income, has collapsed. Several other sectors have failed to take off. Did anyone calculate the price for freedom?

Egypt"s economy expanded a solid 5.1% in 2010. But so far this year, growth is just 1.2%, with the post-revolutionary slowdown expected to extend through 2012. The International Monetary Fund (IMF) forecasts growth of just 1.8% for next year.

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A man walks on a tank left behind by Russian troops, on display in Kyiv’s Mykhailivska Square.

Lila Paulou, Lisa Berdet and Bertrand Hauger

👋 Hej!*

Welcome to Tuesday, which marks three months since the war in Ukraine started. Meanwhile, BoJo is in trouble again, and millionaires at Davos ask to be taxed more. Persian-language, London-based media Kayhan explores what the future of Lebanon could look like after the election defeat of Iran-backed Hezbollah.

[*Swedish]

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