Source: Middle East Institute
Author(s): Mirette F. Mabrouk
Original Link: https://www.mei.edu/blog/monday-briefing-qatars-sheikh-tamim-becomes-first-gulf-leader-visit-biden-white-house#mabrouk
The economic fallout from the pandemic has persisted, a slow, steady battering ram against the Egyptian economy’s defenses. Increasing global shipping costs, inflation rates, and food import prices (particularly wheat) have all contributed to a rise in the balance of payments.
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