Forschungsjournal für Wirtschaftswissenschaften

Egypt’s Sustainable Economic Development Challenge

Mohamed Hamdy

With more than 37, one million cases infected with the novel Coronavirus (COVID-19) globally as world meter website announced as of October 10, 2020, the world’s economic activities are straggling with suspension and full lockdown for several industries and service by aborting the aviation traffic between countries. In order to reduce the impacts of the crises outbreak on the world’s economy, several nations have developed and applied a long term strategy to face the consequences of the outbreak. However, many countries were impacted badly. Before the COVID-19 outbreak, the Egyptian economy was witnessing high growth. But the negative impact of COVID-19 pandemic started in Egypt in March 2020 precisely when Egypt had reported its first case of German old tourist tested positive, which directly slow down the economic wheel and affecting all the industrial key sectors and causing shrinking for specific sectors and expansions for others.