egypt political situation 2020

Egypt’s economic freedom score is 54.0, making its economy the 142nd freest in the 2020 Index. Egypt Economic Outlook. He explained that the central bank supported the appreciation of the pound against the dollar during the last months of the past year, adding that if this government-made rise continues, prices are likely to decrease, especially associated with imported goods. The legislative power is bicameral since the constitutional referendum of 2019 was approved by the House of Representatives in June 2020. Latest Update: January 2021. At the same time, the dam expert expected that Ethiopia would agree to pass 35 billion cubic meters to Egypt instead of 31 billion, and the last is the percentage that Addis Ababa sees as sufficient as Cairo’s share of the Nile waters. Egypt has been a republic since King Farouk was overthrown by the Free Officers Movement in 1952. 90 per cent of people unemployed are under the age of 30, and unemployment has reached an unprecedented new high of 31.3 per cent of the active youth population. Inflation, which had risen to near record highs against a backdrop of a political turmoil and loss in the value of Egyptian pound, fell to 13.9% in 2019, from 20.9% the previous year. To compile this index, Reporters Without Borders (RWB) prepared a questionnaire incorporating the main criteria (44 in total) to assess the situation of press freedom in a given country. Finally, a note and a position are assigned to each country. In this, Al-Houfi mentioned Qatar Petroleum Company's announcement last November to operate a refinery project in Mostorod, north of Cairo. [3] Official turnout was also much lower than the previous election, around 41%. All rights reserved. Please check the spelling. Al-Koumi went on to talk about the repercussions of events in Libya, expecting that Turkey's intervention would change all the balance of the equation in the Eastern Mediterranean Region. The last elections for the House of Representatives took place in two stages in 2015. Source: Republic based on the Constitution adopted by referendum in January 2014 (amended in 2019). Source: The survey measures freedom according to two broad categories: political rights and civil liberties. The main crops are cereals, cotton, sugar cane and beetroots. For the latest economic outlook due to the Covid-19 pandemic, please consult the OECD Economic Outlook Interim Report Coronavirus (Covid-19): Living with uncertainty and the IMF's policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments. And because the threads of those issues did not touch its end after the finish line, it seems that the year 2020 will be full of repercussions and consequences that will affect the political and economic scenes. Female youth unemployment remains very high (48% in 2018 according to IMF). Source: The Economist - Business Environment Rankings 2014-2018. In 2020, the Suez Canal Authority generated USD 5.61 billion revenues (Egypt Oil&Gas). Macroeconomic performance and outlook Economic growth in Egypt, estimated at 5.6% for 2019, is forecast to strengthen to 5.8% in 2020 and 6% in 2021, supported by broad-based economic reform programs since 2016. After having recovered from the internal political crisis and revolutionary uprising of 2011, the Egyptian economy recently slowed down due to the outbreak of the COVID-19. Over the course of 2019, Egypt witnessed many political and economic issues and files, whether those that appeared on the scene suddenly, or that have ancient roots under the dust of previous years. Therefore, any incident related to the contents or services must be resolved between the user and Export Entreprises S.A.; with no involvement or responsibility from Banco Santander, S.A. or any of its subsidiaries. Each of the freedoms within these four broad categories is individually scored on a scale of 0 to 100. Egypt's non-oil industry remains rather limited. Source: Freedom in the World 2019, Freedom House. The world rankings, published annually, measures violations of press freedom worldwide. President Abdel Fattah el-Sisi ordered parliament to freeze its activities on 1 October 2019 and placed the National Security Agency (NSA) in charge of creating lists of candidates as the General Intelligence Directorate (GID) had not satisfactorily selected candidates in the previous election. The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law (property rights, freedom from corruption); Limited Government (fiscal freedom, government spending); Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and Open Markets (trade freedom, investment freedom, financial freedom). The Flame logo are registered trademarks etc. ) water or ignite it May 2020 country Response bicameral... World press freedom worldwide 11:59 pm 9/9/2020 Egypt economic egypt political situation 2020 Database, October 2020 scale. 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