The world economy is currently going through a serious financial disturbance that sparked off in the United States and has spread to Europe and the rest of the world. The crisis has already led to the collapse of powerful banks and firms as well as to recession in several countries, some consider such consequences as just the tip of the iceberg and that the worst is yet to come. This paper aims to study the current global financial crisis and its impact on Egypt. To do so, it first presents an overview of the causes and consequences of the current instability, followed by an assessment of the depth of the crisis and its implications on the Egyptian economy, the paper highlights the actions taken by the Egyptian government to cope with the effects of the crisis on the Egyptian economy.

Outline

Introduction

Literature Review

Home

The Nature of The Financial Crisis

The starting of the financial crisis

Spreading of financial crisis

Effect of The Crisis

The effect on USA

The effect on Europe

The Effect on Asia

The policies taken to overcome the financial crisis in different countries

In USA

In Europe

In Asia

The impact on the Egyptian economy

When did the crisis started to effect the Egyptian economy and which sector started first

Financial sector

Balance of payment

State budget

The polices undertaken to overcome the financial crisis in Egypt

Increase the government expenditure

Decrease custom duties and tariffs

Decrease taxes affecting investment

Increase expenditure on public good

Encourage Egyptian entrepreneurs