section_path: Impact by region or country/Africa/Egypt
section_name: Egypt
paragraph_text: Egypt
  
  The Economy of Egypt suffered from the COVID-19 recession. Tourism, which employs one in ten Egyptians and contributes about 5% of the GDP, has largely stopped, while remittances from migrant workers abroad (9% of GDP) are also expected to fall. The cheap fuel prices and slower demand also led some shipping companies to avoid the Suez Canal, and instead opt for traveling by the Cape of Good Hope, leading to reduced transit fees for the government. However, despite this, Egypt were one of the few African countries to have a positive growth rate during the recession.