Minister of International Cooperation Rania al-Mashat praised Egypt’s ranking on the Economist magazine’s Global Normalcy Index, which tracks the global return to pre-pandemic life. Mashat stated – in a message on social media – that Egypt came in fourth among ten countries that showed resilience against coronavirus pandemic, according to the index. The index includes 50 of the largest economies in the world, representing 90 percent of the world’s gross domestic product. A statement from the Cabinet’s Media Center stated that the the government’s economic reforms have made the economy more capable of facing external and internal shocks. It has transformed into a diversified, productive economy with competitive advantages.

Source: Egypt Independent July 22, 2021 10:52 UTC