Egypt faces painful choices after Sisi’s re-election
A steady deterioration of the economy puts Egypt under pressure to take long-awaited measures following a presidential election, foremost among them a currency devaluation and a hike in interest rates, along with faster state asset sales. Analysts believe the government postponed painful steps until after Abdel Fattah al-Sisi swept to a third six-year term in a December 10-12 vote that saw no serious challengers and was overshadowed by the war in Gaza. The focus now turns to how to deal with an overvalued currency, near-record inflation and massive debt, both domestic and foreign. "There are a lot of big choices for the government to…