Article 6BHV1 Inflation, IMF austerity and grandiose military plans edge more Egyptians into poverty

Inflation, IMF austerity and grandiose military plans edge more Egyptians into poverty

by
Ruth Michaelson and Menna Farouk in Cairo
from Economics | The Guardian on (#6BHV1)

Two-thirds of the population are struggling with falling living standards as even the once-thriving middle classes hunt for second jobs and eat less

Increasing numbers of Egyptians are desperately hunting for second jobs, cutting back on eating meat and scrambling to find new ways to cope with soaring prices, amid a worsening cost-of-living crisis.

Ahmed Fawzi is searching for a second job even though his current role as a graphic designer in Cairo leaves him with few spare hours in the day. He said: It feels like the economic crisis is literally squeezing me. Prices are going up every day and there's no solution to it."

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