Countermeasures for the COVID-19 outbreak in Egypt: This Time is Really Different

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