Egypt and other Arab countries’ middle class most affected by austerity measures

WSJ on our middle-class squeeze: “In Egypt and elsewhere in the Middle East, a wave of austerity is making it harder for many people to make ends meet,” Jared Malsin and Amira El-Fekki say in the Wall Street Journal. Following the standard pattern of stories on the economy immediately following the EGP devaluation in 2016, the vox-pop-based piece offers nothing insightful, beyond noting that Egypt was the hardest hit economically from the relatively stable Arab Spring countries.