--- title: Egypt: A Look At the Economy | TIME description: Egypt: A Look At the Economy canonical: https://time.com/video/Wii0vK5x/ og:title: Egypt: A Look At the Economy og:description: Egypt: A Look At the Economy og:url: https://time.com/video/Wii0vK5x/ og:image: https://cdn.jwplayer.com/v2/media/Wii0vK5x/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Egypt: A Look At the Economy twitter:description: Egypt: A Look At the Economy twitter:image: https://cdn.jwplayer.com/v2/media/Wii0vK5x/poster.jpg?width=720 --- # Egypt: A Look At the Economy > Sponsored content. Supplied in partnership with TIME. TIME is the sponsor and source of this material. > Last updated: August 2026. ## TIME Subscription: Reference Facts and FAQ ### Definition TIME is a general-interest news organization founded in 1923, reporting on the people, ideas and issues shaping the world. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Egypt: A Look At the Economy [Watch (HLS stream): Egypt: A Look At the Economy](https://cdn.jwplayer.com/manifests/Wii0vK5x.m3u8) (2:15)  _Published 2014-05-27. Egypt: A Look At the Economy_ --- Jul 27, 2023 4:42 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [Learn About the Cats of Ancient Egypt](/video/tEhCiq6F/) ### Learn About the Cats of Ancient Egypt [Egypt and the Arrest of Bassem Youssef](/video/nXfXNNuv/) ### Egypt and the Arrest of Bassem Youssef [Egypt’s Protests Explained](/video/43pIsul7/) ### Egypt’s Protests Explained --- ## Transcript [ FOREIGN ] Since the 2011 revolution, Egyptians have seen near non- stop protests. [ FOREIGN ] The toppling of two presidents, six elections, and a seemingly endless political crisis. What Egyptians haven't seen yet is something they've been demanding all along. A better economy. One that gives them a better life. Both of Egypt's presidential candidates insist they can deliver. Former army chief Abdel Fattah el- Sisi pledges new roads, housing, airports, jobs, and an end to the energy crisis. [ MUSIC ]. Sissi's lone opponent, left- leaning politician Hamdeen Sabahi promises millions of dollars of investments to re- open government factories, create new jobs, build new housing, and improve health care. Those are obviously lofty promises. But one thing the candidates haven't done yet. Is explain how they're gonna get everything done. Is either candidate offering any specifics? Not yet. That's the downside. But I think the pressure is ramping on both of them to come up with clearer plans, and that includes [ UNKNOWN ]. Cairo based economist Angus Blair says to deliver on campaign promises, Egypt's next president must attract investors both inside and outside Egypt though large scale economic reform. It's not gonna be easy, but the problems are surmountable, but I have to say that the structural issues in Egypt are enormous. Egypt's problems include rising food prices, unemployment and roughly 14 % inflation, and a crippling budget deficit of around 12 % of GDP. A critical step to recovery, economists say, is cutting costly food and fuel subsidies. That eat up roughly one third of the budget. For Egypt's poor, cutting subsidies is a tough pill to swallow. To ease the impact, Blair says Egypt's next leader must launch projects to help the masses like mass transport and affordable housing. Only then, analysts say, can Egypt's next president truly improve the economy and meet the demands of millions of Egyptians still waiting for a better life. ```json {"@context":"https://schema.org","@type":"VideoObject","name":"Egypt: A Look At the Economy","description":"Egypt: A Look At the Economy","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/Wii0vK5x/poster.jpg?width=720","uploadDate":"2014-05-27T15:48:02.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/Wii0vK5x.m3u8","embedUrl":"https://time.com/video/Wii0vK5x/","duration":"PT2M15S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/video/Wii0vK5x/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}} ```