Egypt's SPNEX Satellite successfully enters orbit    Madinaty Golf Club hosts charity tournament for Alzheimer's awareness    Gold prices near seven-week high on Monday    Oil prices edge higher on Monday    Asian stocks fall on Monday    Egypt health ministry explores expanded TB screening, water surveillance with Clinilab    Egypt calls for institutional reform, impact-driven projects at CEDARE board meeting    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    CBE, EBRD launch MasterTalks series to drive banking innovation, financial inclusion    Madbouly reviews proposals for upgrading area around Cairo Citadel, Zabbaleen district    China's Jasan Group to invest $100m in integrated textile, apparel complex in Qantara West    Egyptian Golf Federation appoints Stuart Clayton as technical director    Egypt discusses Trump peace plan phase two and Gaza force at UAE forum    Winter storm compounds Gaza humanitarian crisis amid Israeli strikes, diplomatic efforts    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    Egypt's Cabinet approves development of Nasser Institute into world-class medical hub    UN rejects Israeli claim of 'new Gaza border' as humanitarian crisis worsens    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



The people's victory
Published in Ahram Online on 26 - 09 - 2020

It was bound to happen. People will always stand to be victorious and support the right side of the equation. No one can ignore the fact that we have been through very difficult times that have serious consequences. But we were not alone in this crisis because the whole world, the rich and the poor, have been through the most difficult phase of this century that targeted the most valuable, which is the peoples' health. When countries had to enforce a complete, or even partial, lockdown to curb the spread of COVID-19, the impact was horrendous, both economically and financially. The most powerful and rich countries currently suffer from budget deficits. They have postponed major projects, altered their economic plans, taxed their citizens heavily, and enforced laws that oblige businessmen to shoulder part of the burden.
In the US, the GDP dropped from $20 trillion to less than $16 trillion. Unemployment doubled, affecting 50 million Americans. Companies either went broke or laid off a number of its employees to cope with the crisis. There are seven million infected Americans, and a bigger number is expected to be ill with the virus. Even countries that managed to control the spread of the virus, like China, Japan, Korea and Germany, could not evade the negative economic impact of the virus because of the economic slowdown that hit other consuming economies. The majority of countries are either suffering an economic downturn or the hefty burden of loans.
Anger was seen from the US, Japan, China, the EU and Korea, to the poorest and most vulnerable states worldwide, and scenes of the most violent demonstrations took place in South America. The virus has effectively put the world economy into a standstill. Meanwhile, the expenses of health services ate up a great portion of government budgets.
When economic downturn is coupled with high spending, as was the case during the lockdown, political and social unrest are expected.
In Egypt, the government took several measures to ensure concerted efforts in dealing with the crisis on the social, economic and health levels. Panic on the part of the government would have led to an economic catastrophe, as has been the case in other countries that were rigged by rumours.
The government, under the leadership of President Abdel-Fattah El-Sisi, rapidly formed a crisis management committee to mitigate the impact of the pandemic. The government managed to strike a balance between the need to battle against the virus and mitigate its economic impact due to the lockdown.
The crisis management team managed, in collaboration with the World Health Organisation and scientists from around the world, to avoid the state of panic. They worked on curbing the negative impact of the virus on people's health, made medication available, and helped people stay safe through awareness campaigns.
On the economic level, several sectors came to a standstill, especially the services sector, and to some extent the production sector. Meanwhile, remittances dropped, as Egyptian expats were either brought back home because they had lost their jobs or became infected.
Tourism was hard hit, as were airlines. But Egypt was not alone. The government, the Armed Forces, and medical teams worked side by side to help the people overcome the pandemic crisis.
Thus Egyptians pursued a relatively calm life, but the government was caught between a rock and a hard place. At the time when Ethiopia was trying to deprive Egypt of Nile water, threatening Egyptians' supply of water and food, Egypt had to find a way to support the economy to avoid the negative impact of the lockdown.
The government had to ignore the traditional norms of raising prices of food and medication. Raising taxes on industrialists was not also an option because they might lay off workers or close down their companies. The government stirred through the crisis carefully as it was running out of good options.
However, a "wicked" group manipulated the government's move against building violations into a campaign of foul play that depicted the government as if it were destroying the entire country. The group, along with its funders and supporters, called on Egyptians to go out on the streets to unseat the government.
However, despite the difficult times and the harsh repercussions of the pandemic, Egyptians understood the "wicked" conspiracy to dismantle the country and realised they are on the right path to development and they will overcome the difficulties to attain prosperity.


Clic here to read the story from its source.