Egypt expects 5.5% GDP growth in 2010/11

14 February 2010

Egypt's economic development minister has said that the country's economy may grow by 5.5% in fiscal 2010/11 and attract $10bn in foreign direct investment as it recovers from the global economic crisis, Reuters has reported. 'Factors contributing to this 5.5% growth are Suez Canal growth rates and the exports growth level going back to normal,' Osman Mohamed Osman said.

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