Egypt economy grew 1.8 pct in 2010-2011: report | Alrroya

Egypt economy grew 1.8 pct in 2010-2011: report

Thursday, 8 September 2011  at  12:08, Reuters, Cairo

Egypt economy grew 1.8 pct in 2010-2011: report
Egypt's economy had been growing strongly before an uprising erupted in January. (REUTERS)
Egypt's economy grew 1.8 per cent in the year to June 2011 and growth in the April-June quarter was 0.4 per cent, the daily Al-Shorouk newspaper reported on Thursday.

The newspaper cited a government source who said the figures were given to the cabinet by Planning and International Cooperation Minister Faiza Abu el-Naga on Wednesday.

The planning minister is due to announce economic statistics later on Thursday.

Egypt's financial year runs from July 1 to June 30.

Egypt's economy had been growing strongly before an uprising erupted in January and toppled President Hosni Mubarak on Febuary 11, sending investors and tourists packing. But economists say economic activity has been improving since then.








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