Analysts: Sisi reforms key to Egypt’s economic upswing

After suffering its worst economic crisis since the 1930s, Egypt under President Abdel Fattah al-Sisi has managed to draw international attention to its reforms and recovery.

Christine la Garde, head of the International Monetary Fund, told Al Arabiya News Channel this month that she was “impressed by what the Egyptian authorities are implementing in terms of reform.”

In September, business activity in Egypt expanded at a near-record pace, Reuters reported, leading the country’s GDP growth rate to rise from $262.83 billion in 2013 to $271.97 billion in 2014.

During the same month, the Arab world’s most populous country witnessed the lowest rate of unemployment - 12.3% - since the 11.9% record low reached in the fourth quarter of 2011.

Analysts said economic improvements were due to reforms introduced since the election of Sisi.