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Egypt - Current economic position and prospects (Английский)

Defense spending has taken a progressively greater share of Egypt's resources, largely at the expense of investment expenditures; the conflict with Israel remains the overriding determinant of current economic performance. Near-term prospects depend on overcoming the most severe constraints - the defense burden, scarcity of convertible foreign exchange, the debt burden, and the rigid and arbitrary nature of the decision-making process. Auspicious...
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