Cairo – February 6, 2025: Prime Minister Mostafa Madbouly recently highlighted that the Egyptian government is taking proactive measures to prepare for the worst-case scenario, given the rapidly evolving global and regional events.
As global and regional challenges unfold, the government is actively monitoring emerging risks and developing scenarios to ensure the continued stability of Egypt's economy.
In his statement, Madbouly stressed that crisis management and risk assessment are not mere theoretical exercises but are essential priorities for the government.
In a related development, the Egyptian Center for Economic Studies (ECES) released a report evaluating the effects of the ongoing trade war between the United States and China on Egypt’s economy.
The study highlighted the worsening vulnerabilities within Egypt’s economy due to the trade war and outlined the impact across various sectors, providing an in-depth analysis of how these external factors had intensified existing weaknesses in Egypt’s economic structure.
It recommended strategies for mitigating the negative consequences of the trade war, including diversifying Egypt’s trade partners, enhancing the competitiveness of Egyptian exports, and capitalizing on Egypt’s strategic geographical location.
The study also stressed that key reforms in trade facilitation policies and industrial strategies were essential for turning these challenges into opportunities.
It suggested that strengthening Egypt’s role in global supply chains could have been a significant factor in overcoming the economic difficulties at the time.
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