The new Egyptian president has no time to waste. A number of difficult economic challenges are forcefully imposing themselves on his agenda. One and a half years since the revolution began, the Egyptian economy is still suffering from a severe downturn. If this economic trend continues, it will result in a serious crisis that will be associated with political and social repercussions.
The biggest challenge facing the new president is how to restore growth and market confidence, and how to coax investors into financing projects again. The jump in Egypt’s stock indexes after Mohammed Morsi was declared the victor in the presidential elections was a fairly clear signal that investors are looking for the return of a confident and stable political environment where they can predict what will happen next.
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