Economic impact of COVID-19 on tourism and remittances: Insights from Egypt

“The pandemic is likely to have a significant economic toll. For each month that the COVID‑19 crisis persists, our simulations using IFPRI’s Social Accounting Matrix (SAM) multiplier model for Egypt suggest national GDP could fall by between 0.7% and 0.8% (EGP 36-41 billion or $2.3-$2.6 billion). Household incomes are likely to fall, particularly among the poor.”

via IFPRI