Countermeasures for the COVID-19 Outbreak in Egypt: This Time is Really Different

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  • Egypt’s ability to sustain the outcomes of recent reforms to the economy is under threat given the anticipated global and domestic growth slump – particularly since the causes, complexities and economic consequences of the coronavirus outbreak indicate that this crisis really is different.
  • Accommodative countercyclical monetary-fiscal-financial measures, which are inevitable at the moment, need to be timely yet cautiously handled.
  • Institutions matter now more than ever: sound monetary-fiscal-financial institutions will act as a safeguard against the misuse of countermeasures after the crisis.