Egypt: Economic Impact of Coronavirus on Retail Sector May Outweigh Health Damage

Egypt: Economic Impact of Coronavirus on Retail Sector May Outweigh Health Damage

The decline of oil prices might quickly return balance to prices in case Chinese factories resumed operations, Khattab added.. Khattab added that the second half of 2019 witnessed a severe slowdown in selling and purchasing, which caused a drop in prices by around 5 to 7 percent.. Mohamed Khattab, E-Commerce Director at B-Tech, has stated that the repercussions of coronavirus on the Egyptian retail sector might outweigh health damages..