Egyptian Revolution: Revival or downturn , a post-revolution economic study

Abstract

Between the year 1981 and the year 2006 , Egypt had its GDP is rising smartly by 7% per annum and the government had managed to tame inflation from double digits to single digits ,not only that but also GDP per capita has increased to reach 4,534.82(IMF 2010 ) adding to that the huge amount of FDI and remittances . owing to that Egypt’s economy was seen as growing economy with potentials to success . However , this did not remain the same . in the year 2011 the great revolution of 25th of Jan took place in Cairo by the anti- authoritarianism movement toward social and political correction bringing down not only the Pr but also economic stability replacing it with uncertainty and risk . despite the fact the this revolution had good intentions to reform and correct the situation , it has cost Egypt its period of tranquility causing huge downturn economic wise as this has scared away not only investors but also tourists whom were a huge source of income and foreign exchange and as a result of the fall in tourism sector the level of unemployment has been increased tremendously , not only that but also drop in GDP and GDP per capita as well as a huge drop on bunch of other sectors and industries too. Throughout this paper we are going to study the evolution of the Egyptian economy since 2011 taking in consideration a lot of variables that have contributed to form the conditions that we are living now , variables such labor force , environmental eco , socio economic , national budget , foreign exchange and economic development aspects .