Election: Any Good News for the Poor?
Egypt's poor wait for growth gains as vote nears
Says Reuters: Egypt's economy is growing at its fastest pace in years, exports are surging and the bourse is booming, but there is little sign yet of an economic revival in the poor suburbs and crowded slums of the capital.
Says Reuters: Egypt's economy is growing at its fastest pace in years, exports are surging and the bourse is booming, but there is little sign yet of an economic revival in the poor suburbs and crowded slums of the capital.
Economists say the reforms are likely to involve more short-term pain for Egypt's poor, who rely on cheap subsidised bread and who will need to find work outside the bloated civil service in a land of high unemployment.
"There is work, it's just whether you want to do it," he said as he rummaged for a broken coat hanger, the stench of rotting household waste polluting the air around him.
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