By Ayah El-Said
Jan 30, 2010
| Last Updated
 |
| Real GDP (% change y/y) |
| 2008 |
2009 |
2010 |
| 7.2 |
4.8 |
5.7 |
| |
| CPI (% change y/y) |
|
|
|
 |
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- Government expenditure and robust domestic consumption will be important growth drivers in Egypt in 2010.
- Monetary tightening may start in Q2 2010 if inflationary pressures reignite.
- Fiscal consolidation must be a near term focus.
After weathering the global economic crisis, relatively well, Egypt’s growth is set to accelerate to an estimated 5.7% growth in 2010 as domestic and external demand improves. Egypt’s economy managed to beat 2009[...]
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