Saturday, December 29, 2012

Reuters: US Dollar Report: Egypt's president says economy grew 2.6 pct in July-Sept

Reuters: US Dollar Report
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Egypt's president says economy grew 2.6 pct in July-Sept
Dec 29th 2012, 12:27

CAIRO | Sat Dec 29, 2012 7:27am EST

CAIRO Dec 29 (Reuters) - Egypt's economy, buffeted by political and economic strife, grew by an annual 2.6 percent in the third quarter of 2012, President Mohamed Mursi said in a televised speech on Saturday.

The uprising that toppled Hosni Mubarak in February 2011 chased away tourists and investors, slowing growth.

In the year to end-June, gross domestic product grew by 2.2 percent, up from 1.8 percent in the 2010/11 financial year, according to statistics published by the Finance Ministry.

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