How poor is Egypt relative to some Mideast peers?

by Mick Weinstein|Published January 30, 2011

One important driver of what we’re seeing, via Global Macro Monitor:

Egypt’s a nation with sustained 9+% unemployment, and around 40% of Egypt’s population of just under 80 million live on the income equivalent of roughly $2 per day (AFP). Meanwhile, food inflation in Egypt is running at about 17% a year, according to Fitch.

AUTHOR

Mick Weinstein

Mick is the Head of Editorial for Covestor, a financial journalist and online content specialist. Prior to joining Covestor, Mick was for five years the Editor in Chief and VP Content at stock market analysis website Seeking Alpha, where he built the editorial function as the site attracted over 3.5 million unique monthly visitors and developed an innovative platform for intelligent stock market discussion. Mick is a graduate of the University of Michigan, Ann Arbor.

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