#trickle-down economics
The holy month of Ramadan is known to be a time of giving. Throughout its days, those who are able, share what they can spare with those less fortunate than themselves in the form of donations. However, many Egyptians – particularly those with fixed incomes such as government employees and pensioners – are forced to think twice before donating, resorting to more austere spending habits to cope with the current economic situation. Over the past months, the Egyptian pound has…
