President Morsi was removed and interim President Adly Mansour was sworn in on July 4, 2013. Presidential elections were held on June 8, 2014, and Abdel Fattah El-Sisi was elected with almost 97% of the votes, and sworn into office as president on June 8, 2014. Prior to this post, El-Sisi was head of the Egyptian Armed Forces and First Deputy Prime Minister and Minister of Defense in previous governments. Presidential elections were the second of a three step transition. The first step, voting on a new constitution, took place in early 2014. Step three of the transition, parliamentary elections, is scheduled to take place from October to December 2015.
Egypt
has made great strides along a number of important human development
indicators, but economic growth has been moderate, albeit insufficient to
absorb the rapidly growing population and labor force. Child mortality,
life expectancy, primary and secondary school enrollment, and literacy rates have
improved dramatically in the past thirty years, while average per capita income
growth has been around 2% per year since 1980 resulting in an increase in
unemployment rates and poverty rates. Starting 2014, the Government of Egypt has initiated reforms to reduce energy subsidies, broaden the tax base, reduce the deficit and improve allocative efficiency, and improve targeting efficiency of social safety nets but more remains to be done.
Theeconomical situation in Egypt look like this. It is third place in the neighboring developing countries.
