Economist: All countries' budgets have been disrupted due to oil price estimates

The journalist writer Abdel Latif Wahba, a specialist in economic affairs and a Bloomberg correspondent, confirmed that the industrialized countries have come out of a slump and want to compensate for the losses they have suffered during the past year and a half due to the Corona pandemic, noting that there is a rush from countries, including the major countries, to borrow to hedge from new crises occur.

 Abdel Latif Wahba, during an interview on the “Cairo Talk” program with the journalist Ibrahim Issa, on Al-Qahirah Wal-Nas channel, explained that precautionary measures are taken with the expectation of crises to reduce their effects, and this precaution does not prevent risks completely, but it reduces their impact, stressing All countries' budgets have been disrupted because of oil price estimates.

 Abdel Latif Wahba, a specialist in economic affairs, pointed out that Egypt is one of the largest wheat consuming countries, as it imports about 6 million tons to fill the gap in demand for a loaf of bread, saying: "We are one of the largest importers of wheat with China.