Investors’ flight from financial markets in Egypt and the wider region could yet lead to opportunities for re-entry, assuming stability eventually returns. The challenge, though, will be in the timing.
The Egyptian government’s strong grip on the military makes its hold on power appear more secure than that of the recently-deposed Tunisian president, Zein al-Abidine Ben Ali.
Yet the speed of events in Tunisia surprised many, and the investment climate in the region will be affected not only by seismic political shifts but by growing deficits and inflation as worried governments increase subsidies for basic goods.
No comments:
Post a Comment