Egypt: the economic challenges of the next leader

The next leader of Egypt has the burden of high expectations of the population.

If the Egyptians of the popular revolt have joined in the past year, as many for economic change. They were of high unemployment and suffering from exorbitant prices, low salaries, widespread poverty and crippling corruption.

Little has changed in the last 15 months, and many have also seen deterioration in finances.

People from all sides come on a busy street in the area of Mohandisseen in Cairo. It is easy to talk about the change of their personal finances.

"I used to work as a manager a much better deal, but closed after the revolution many", Muhammad Abdul Hamid said. "Eight months I stayed home, but now I have a new job."

"I am a model, and it was very difficult to find work," says Dina. "After the revolution it job opportunities for all, especially for the self-employed".

Salma, graduate business for 21 years, said he asked more than 100 jobs and received only five responses. "On the revolution of the banking sector and telecommunications, was very promising, but the labour market is now pressed," complained.

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Informal work

Unable to find a formal job, Egyptians chose much poorer neighborhoods jobs. Do sell, fruits, corn on the cob, and root beer kiosks on the sidewalk outside the shops.

"I worked in a factory before, but my job lost and now am I only sell cigarettes," said a young man named Mustafa Mohammed.

"Foreign direct investment needs political stability"

Walid Sobhy, Manager of the factory of the glaze

Along the road, there are posters of the presidential candidates. The first round of voting was conducted on Wednesday and Thursday. A second round was necessary in June.

What are the winning candidate under extreme pressure with the deep economic crisis in Egypt. It will be a major challenge.

Samir Radwan, former Minister of Finance of Egypt, he paints a dark picture of what lies ahead for the new leaders of the country.

"Tourism is used, in order to win US$ 1 billion per month reduced." "You are now getting a bit, but not to the level of 2010 of 13 million tourists per year giving back."

"There is an increase in the prices of energy and Egypt is a net energy importer, so that there is a heavy burden for the budget." "The result is that you a budget deficit of around 10% of GDP," he added.

Radwan said that domestic production in some parts of Egypt had finished, hundreds of factories have closed. Exports were also lower compared to the levels before the revolution.

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