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Egypt’s economy is expected to be adversely affected by COVID-19 pandemic in 2020. The growth of real gross domestic product (GDP) of Egypt is expected to slow down, unemployment level to increase and current account balance to remain negative due to COVID-19 this year. As of 24^th July 2020, Egypt had 90,413 confirmed COVID-19 cases out of which 31,066 people have recovered from the disease while 4,480 have lost their lives.

In this blog post we will be focusing on economic impact of COVID-19 pandemic and the fiscal, monetary and social policy measures taken by Egypt government under following sections –

1. Impact of COVID-19 on Egypt Economy in 2020

2. COVID-19 Containment Measures of Egypt

3. COVID-19 Related Fiscal Policy Measures by Egypt

4. COVID-19 Related Monetary Policy Measures by Egypt

5. COVID-19 Related Social Policy Measures by Egypt

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1. Impact of COVID-19 on Egypt Economy in 2020

Egypt’s real gross domestic product (GDP) was EGP 2221.457 billion in 2019 and due to COVID-19 outbreak it is estimated to increase by 1.952% to be around EGP 2264.820 billion in 2020.

Egypt’s unemployment rate was 8.612% of total labor...