It's been 39 years since the Egyptian ‘bread riots' of 1977. These riots had launched in Egypt on 17, 18 January, in a protest against high prices by lower class people, these riots had erupted across the country, from Aswan to Alexandria, and come to an end on 19 January by the army deployment and the re-institution of the decision. On 17 January Egypt's Deputy Prime Minister for financial and economic affairs, Abdel Moneim Qaysony had announced the cancellation of the subsidies, which will lead to the raising of the bread, sugar, tea, rice, oil and gasoline prices and 25 other important goods in the life of the ordinary citizen, leading to the uprising. The hundreds of thousands of citizens and workers had participated in the riots, chanting against hunger, poverty and the fall of the government, the riots had affected most of Egypt's major countries, and led to the death of seventy-nine people and the injury of over 550 protesters. Causes and reasons Even though it was expected after the riots that Egypt will not pass through Economic difficulties in the preceding years, but Egypt continues to face more difficulties and each one seems to be worse than the previous. Egypt economic growth has been moderate, albeit insufficient to absorb the rapidly growing population which amounts to more than 90 million, labor force, child mortality, life expectancy, primary and secondary school enrollment, and literacy rates 12.80% in 2015 as well as the closure of the Egyptian factories that contributed in the economic welfare, while average per capita income growth has been around 2% per year since 1980 resulting in an increase in unemployment rates and poverty rates and the decline in the GDP growth rate. Egypt economy was dead for 10 years, and yet the living rates and prices continued to rise till it became once again a slogan in 25 January revolution and were in the demands of "bread, living, and social justice". Starting 2014, Egypt's government initiated reforms to reduce energy subsidies, broaden the tax base, reduce the deficit and improve efficiency. Green light After ousting Egypt's previous president Mohamed Morsi and Abdel Fattah el-Sisi taking the country's' presidency, the country during his leadership has witnessed economic change for the better with the creation of the new Suez Canal on 6 August, as it was Egypt's hope to boost its economy and global standing, and his knees to boost Egypt's ties with the world nations, as well as enforcing taxes on various goods. Egypt economy, during the same year took a huge hit economically and in the tourism as well when the Russian plane crashed on Oct. 31 when a bomb was planted by the local affiliate of the jihadist group ISIS. The crash had a negative impact on the Egyptian tourism after Russian's Putin suspended flights from Russia to Egypt, followed by the United Kingdom (UK), a month later after the cancellation of flights Egypt had lost 2.2bn Egyptian pounds ($280m) According to the Egyptian tourism ministry. Tourism accounts for about 12% of Egypt's GDP, with one in nine Egyptians working in the industry, according to the World Travel and Tourism Council. The Egyptian officials, ministers and intellectuals from creating cultural events to try to boost the Egyptian economy and tourism, but more remains to be done to boost and upraise Egypt's economy. It's expected that the country will economically prosper soon in the face of boosting economic and cultural ties, and the loans given from Russia, china and other countries.
