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Sunday, 22 May 2016

Egypt’s middle class has shrunk “substantially” over the past decade

The middle class in Egypt is small — and has gotten “substantially” smaller over the past decade, according to estimates by World Bank researchers Elena Ianchovichina and Hai-Anh H Dang. “In Egypt, the middle class was small and getting smaller as many people were getting poorer,” the researchers write. They estimate that no more than 10% of the population can be considered middle class today.

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