Egypt: Political Transition vs. Economic Challenges?

The revolutionary events of January and February 2011 opened the door for democratic transition in Egypt, but the road to a stable and sustainable democracy will be long and full of challenges. However, the macroeconomic environment post-revolution has become increasingly worrying as a result of past fiscal and monetary imbalances, revolution-induced shocks and unstable politics. This inability to address pressing economic challenges may hurt the nascent and fragile Egyptian democracy.