In a nutshell:
- Egypt’s ability to sustain the outcomes of recent reforms to the economy is under threat given the anticipated global and domestic growth slump – particularly since the causes, complexities and economic consequences of the coronavirus outbreak indicate that this crisis really is different.
- Accommodative countercyclical monetary-fiscal-financial measures, which are inevitable at the moment, need to be timely yet cautiously handled.
- Institutions matter now more than ever: sound monetary-fiscal-financial institutions will act as a safeguard against the misuse of countermeasures after the crisis
![Countermeasures for the COVID-19 outbreak in Egypt: This Time is Really Different](https://erf.org.eg/app/uploads/2016/07/1648029318_642_68528_nl_sara_kheshin-150x150.png)
Research Associates
Sarah El Khishin
Associate Professor of Economics, British University in...