Coup may give Egypt window to tackle economic problems

July 04, 2013 23:23

The ouster of president Mohamed Mursi may give Egypt's economy its best chance since the 2011 revolution to escape a downward spiral of currency weakness, capital flight and crumbling state finances.

The departure of Mursi, who was widely blamed for the condition of theeconomy, will not provide any quick or easy fixes to problems such as dangerously low foreign reserves, a ballooning budget deficit and high unemployment.

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