Middle East Economic Survey

VOL. L

No 51

17-December-2007

EGYPT

Egypt GDP Averages 7.1% In 2006-07, Highest In Years, Says IMF

Egypts real GDP growth in 2006-07 is estimated at 7.1%, the highest in years, the IMF said in its Article IV consultation, concluded on 28 November. Sustained reforms, prudent macroeconomic management, and a favorable external environment led to high and more broad-based growth. Inflation returned to single digits (after spiking during the year through March 2007), and...