THE ECONOMIC CRISIS IN LIGHT OF THE RUSSIAN-UKRAINIAN WAR AND ITS IMPACT ON THE EGYPTIAN ECONOMY | ||
| Journal of Environmental Science | ||
| Volume 53, Issue 10, October 2024, Pages 2564-2581 PDF (1 M) | ||
| Document Type: Original Article | ||
| DOI: 10.21608/jes.2024.301374.1815 | ||
| Authors | ||
| Ahmed A. Manssour* 1; Khaled H. Abdel-Rahman* 2; Hoda E. A. Helal* 1 | ||
| 1Faculty of Graduate Studies and Environmental Research, Ain Shams University | ||
| 2Faculty of Law,, Ain Shams University | ||
| Abstract | ||
| The aim of the research is to study the effect of the Russian-Ukrainian crisis, which began on February 24, 2022, on the Egyptian economy. Using the quantitative analytical approach and analyzing the data of international trade and the prices of food and energy, a set of results were reached, the most important of which is that the crisis will have significant negative effects on the Egyptian economy, especially in the field of food, energy and tourism. The crisis will lead to an increase in the budget deficit and trade balance deficit and a depreciation of Currency, high inflation, high cost of living. The study recommends the necessity of expanding the cultivation of wheat locally, diversifying the sources of supply, and expanding the use of natural gas instead of petroleum products. | ||
| Keywords | ||
| Russian-Ukrainian crisis; high food prices; high energy prices; trade balance deficit; high inflation rates. | ||
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