I don’t think anyone denies that Egypt is going through a severe economic crisis. Denying the reality of the economic crisis only exacerbates and encourages rumors and ill-considered advice which harms everyone. This particular crisis is thorny and dangerous because it is multifaceted. Early signs of the crisis were already apparent from international economic reports since at least the final quarter of last year. The measures taken then were indeed corrective, resulting in genuine, significant improvements in major economic indicators.
