NO. 28


Financial and Banking News

Budgets & Revenues

Report Paints Bleak Picture of Egyptian Economic Performance

The latest annual report from the Central Bank of Egypt paints a bleakpicture of the country's economic performance during the financial year1988/89, which began on 1 July 1988. The rate of growth in gross domesticproduct (GDP) slowed, while the deficits in the current account and the balanceof payments grew. The Central Bank attributes this poor...