VOL. XLV

No 41

14-October-2002

EGYPT

Egypt Weathers Global Economic Downturn In 2001-02 But Risks Remain, Says IMF

The Egyptian economy has weathered the global economic downturn and sharp fall in the crucial tourism sector following the 11 September attacks in the US and the economy has performed better than expected. Risks remain, however, and the Egyptian economy remains vulnerable to negative external shocks, according to the concluding statement of the IMFs Article IV Consultation carried...