Egypt economy to grow under 2 percent in 2012: central bank
Egypt economy to grow under 2 percent in 2012: central bank
ABU DHABI (Reuters) - Egypts economic growth will slow to under 2 per cent this year from 2.5 per cent last year because of political turmoil, the countrys central bank governor said on Sunday. "We have a revolution," Farouk el-Okdah told Reuters when asked why growth would slow. He did not elaborate. Okdah was speaking on the sidelines of a meeting of officials from the Arab Monetary Fund and central banks in the region. In April, the International Monetary Fund forecast Egypts gross domestic product growth would slow to 1.5 percent in 2012 from the 1.8 percent which it estimated for 2011. ...
//news.yahoo.com/egypt-economy-grow-under-2-percent-2012-central-102136348.html
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