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Egypt’s economy two years after revolution

It may still be too early to judge the success or failure of that revolution in Egypt, but one thing is clear: It has not led to economic prosperity.

“Bread, freedom, social justice” — that’s the slogan Egypt protestors used during their successful uprising in 2011. Today, protestors in Egypt have been urged to use the same slogan in protests marking the second anniversary of Hosni Mubarak’s fall from power.

But whatever the political situation in Egypt, one thing’s for sure, the economy is in a much worse state today than it was in the immediate aftermath of the revolution two years ago. It is growing at a slower rate, unemployment has risen, and the value of Egyptian pound has plunged against the dollar — driving up the cost of food.

To hear how Egypt aims to stabilize its economy, click on the audio player above.

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