How will latest violence in Egypt affect wider economy

Attention is turning to how Egypt’s Middle Eastern neighbours will react following the latest violence in Cairo.

Following President Morsi’s ousting, countries in the Arabian peninsula offered financial aid – Saudi Arabia and the United Arab Emirates alone have already pledged a total of $8bn.

The BBC’s Simon Atkinson gave more information about the region’s response to the violence and the economic impact on the Egyptian people:

“Food inflation is about 20% at the moment… tourism’s already down by about 50% since the revolution two years ago… and foreign investment’s down 75%.”

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