The ouster of Mursi last July has fueled a new wave of violence. And that means crucial economic drivers such as tourism, foreign direct investment, and remittances from abroad have only seen a sporadic recovery.
Net foreign direct investment was just three billion dollars last year, half of what it was back in 2010.
"The key issue is economic growth is low, inflation is high and as a result the government is still suffering and have a high budget deficit. There are so manycrisis to happen at once they're all fire fighting," Angus Blair, Founder atthe Signet Institute, a Cairo-based think tank, told CNBC.
Egypt's budget deficit in 2012/2013 reached a record-high of 13.8 percent of gross domestic product.
(Read more: Egypt stocks hit high since 2011 uprising)
But there are glimmers of hope. The Central Bank's acute shortage of foreign currency reserves appears to have eased, for the most part due to billions of dollars in aid from the oil-rich Gulf States. The International Monetary Fund (IMF) projects economic growth to accelerate to 2.8 percent in 2014.
Equity investors appear to be bullish about the transition. In the last six months, the Egyptian Stock Exchange has risen 45 percent to the highest level in three years.
"Definitely there were minor skirmishes here and there, but if you ask me as a foreigner living in Egypt the sentiment is positive post what happened in June," Allen Sandeep, Director of Research at NAEEM Brokerage, explained to CNBC.
On Tuesday, the EGX 30 benchmark index ended the day 1.11 percent higher.