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Monday, 7 November 2016

Egypt’s decisions are “economic good sense,” Forbes contributor says

Egypt’s recent reforms are a step in the right direction, but it does not mean that there will not be short-term pain, Tim Worstall writes for Forbes. He says “the floating of the pound means that something now costs what it costs. That’s an increase in efficiency. And the cutting of fuel subsidies works in the same manner. We will now be more efficient at poverty alleviation. The medium term result will be richer people in a richer country with also the ability to do more about the remnant poverty. This is just good economic policy.”

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