Egypt, a nation of more than 84 million people, experienced what political and financial analysts described as 'a disastrous coup d'etat'. The nation prides itself as the cultural and political center of the Arab world.
The coup started on July 3 when General Abdul Fata al Sisi removed Egyptian President Mohamed Morsi from the administration. Together with the president's removal, the constitution of the country was suspended and public outcry and protests went rampant.
Such protests favored and battled Morsi's regime, resulting in an ongoing civil clash that does nothing but sink the North African country's economy.
According to analysts, the expelled president started the failure of the Egyptian economy. They said that Morsi was not able to do anything about the ailing economy, and poverty remained widespread.
Recent statistics show that about half of the total Egyptian population lives under US$2 a day. Opposition believed that Morsi's administration was the catalyst for the economic downfall of Egypt.
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