The Egyptian economy was hammered by four years of street and political turmoil which lead in its turn to changing the scales of the economic recovery, said a specialized economic report compiled by Beltone financial.

Egypt was diverted to depend on investments as main tool to recover economy, noted Beltone.

Since 2011, Egypt has suffered from insufficiently inclusive growth and high unemployment in addition to large fiscal deficits, rising public debt, fragility in the balance of payments and, hence, losses of foreign exchange reserves, said Beltone.

But recently things started to turn around as the government has embarked on an economic reform program to raise growth, create jobs, and contain fiscal and external deficits and the loss of foreign exchange reserves.

Meanwhile, the government is pursuing structural reforms and developing measures to protect the poor.

Beltone believes that the 'political will' would be the main trigger for the Egypt's economic recovery.

The investment climate in Egypt is improving and the country will be back on economic recovery if the new policies for the economic growth are implemented , stated Beltone.
 
The country has good prospects for attracting foreign investors, especially if the government keeps up its reform efforts. The authorities will host a major economic conference in March. If successful, it could mobilize international financing, generate more private business opportunities, and motivate the country to improve its infrastructure, added Beltone.