Monday, May 10, 2010

Egypt Economy Growth in the First Quarter

Egypt’s economic growth accelerated to 5.8 percent in the first three months of 2010, the fastest pace in almost two years.

Manufacturing, tourism and revenue helped with the growth the most. Figures show Egypt's general rebound in the economy.

Manufacturing expanded about 6 percent in the quarter. Construction grew 14.7 percent, while transport, storage and Suez Canal revenues grew 10.5 percent and communications and information technology 11.3 percent.

Egypt is hoping that each quarter is as successful as the first quarter has been so far.

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