Economic report: Egypt

From: Middle East | Date: September 1, 2001| Author: Siddiqi, Moin A | Copyright information

BUSINESS & FINANCE

An economic overview researched and written by Moin A Siddiqi

Over the past five to seven years, Egypt has recorded one of the most impressive macro-economic performances in the Middle East & North Africa (MENA) region.

Real gross domestic product (GDP) growth averaged 5.3 per cent a year between 1995-2000, whilst consumer prices and fiscal deficits until 1998/99 were on a sustained declining trend. However, despite sound economic fundamental...

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