Economic reforms bear fruit. (Egypt)

From: The Middle East | Date: July 1, 1997| Author: | Copyright information

Egypt has successfully recovered from its economic travails which is due mainly to its radical economic reform policy. Statistics show that Egypt's economic growth is about 5% yearly and its budget is almost at a balanced level while inflation is under control. However, a greater challenge is posed by the demand for employment which will be realised only if GDP growth reaches 6.5% and domestic savings increase.

The last year has witnessed a dramatic upsurge of international interest in Egypt's economy, as ANDREW ALBUM reports.

Egypt is rapidly establishing itself as the Arab world's ...

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