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• Egypt GDP grows 5.9% in last quarter

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  Amr Salem    Premium Member   Group moderator

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  Egypt GDP grows 5.9% in last quarter

  The Egyptian government has said the country's economic growth had accelerated to an annualised 5.9% in the three months to end-June, Reuters has reported. "This indicates a near full recovery from the global crisis and a return to the path of rapid economic growth similar to the period before the global crisis," economic development minister Osman Mohamed Osman said in a statement. Gross domestic product for the financial year to end-June grew 5.3%, faster than the 4.7 % growth in 2008/09. Egyptian growth hit a record 7.2% in 2007/08 before the global downturn curbed tourism, foreign direct investment and Suez Canal revenues in the Arab world's most populous country.
  
  Source: AMEInfo
  
  • 05 Aug 2010, 09:47 am
  Amr Salem wrote: > The Egyptian government has said the country's economic growth had > accelerated to an annualised 5.9% in the three months to end-June, > Reuters has reported. "This indicates a near full recovery from the > global crisis and a return to the path of rapid economic growth > similar to the period before the global crisis," economic development > minister Osman Mohamed Osman said in a statement. Gross domestic > product for the financial year to end-June grew 5.3%, faster than the > 4.7 % growth in 2008/09. Egyptian growth hit a record 7.2% in 2007/08 > before the global downturn curbed tourism, foreign direct investment > and Suez Canal revenues in the Arab world's most populous country. > > Source: AMEInfo