Egypt economy losing US$310 million per day
A report issued by Credit Agricol Bank conveyed the current Egyptian crisis costs the country at least $ 310 million per day. It says the tourism sector will be most affected from the crisis.
The report said Mubarak regime failed to secure the just distribution of wealth. This lead to the widening gap of inequality between the various layers of the society, to increasing poverty and unemployment rates as well as a high rate of inflation.
The report noted that the continuing political uncertainty and violence will have a devastating effect on revenues from the tourism this year.
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