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AfricaJuly 2 2006

Confidence drives upturn

Egypt’s minister of finance Youssef Boutros-Ghali tells Nick Kochan that the economy is ripe for investment.
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Q How would you assess the state of the Egyptian economy?

A The economy has recovered; it has turned the corner. The growth rate has gone up from 3.5% to 6%. Growth was 3.2% in 2004, it went up to 5.2% in 2005 and we are anticipating 6% for 2006. We are anticipating 6.7% to 6.9% for 2007.

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