How to Know Where Egypt’s Once-in-Decade Crisis Is Heading
- Russia’s invasion of Ukraine has piled pressure on the economy
- Pound, Gulf aid and inflation are among key items to watch
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Egypt is in the throes of a familiar crisis; the currency has plunged, foreign-exchange is in short supply and living costs have soared. It’s a once-a-decade experience that’s made the country the International Monetary Fund’s second-biggest borrower after Argentina.