“The high political risk associated with the transition has really impacted negatively and led to disinvestment in the country. Some of the companies actually tried to find more a stable market to invest their capital in,” he said.

In the current political atmosphere, Egypt's new leaders have struggled to turn the economy around, announcing and then canceling tax and price increases, and postponing a crucial International Monetary Fund loan because they can't meet the conditions.

At the Egypt World Trade Organization Institute, a trade and investment promotion company, manager Mohammed Hesham said he believes the economy will bounce back once the political situation stabilizes.

“The government has to take care of the economic side. It must. The people want economic stability and fast growth and they need a lot of jobs. This is the main duty for this government and this president.”

He acknowledged, though, that would require an easing of the tension and protests that have become a regular feature in Egypt during the last two years. The mainly Islamist supporters of the new constitution hope it will bring some stability, but the opposition has vowed to keep up the pressure on the streets as parliamentary elections approach, fearing the country will become too religiously conservative. Experts say that will make it difficult for the government to take unpopular steps on the economy, and likely will delay any recovery.