VOL. XLIII

No. 33

14-August-2000

EGYPT

Egyptian Economy GDP Growth Rates Overly Optimistic, Says US Embassy Economic Report

The Egyptian Governments projections of a sustained 6.0% growth level are overly optimistic, according to a report published by the US embassy in Cairo. The Economic Trends Report issued on 7 August states that despite its commitment to economic reform "the Government of Egypt remains optimistic in its projection of gross domestic product (GDP) growth, anticipating around...