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Egypt Economic Quarterly Review - Volume 4 - June 2013
The uncertainty created by a prolonged political transition in Egypt’s continue to hold back real gross domestic product (GDP) growth at 2.2% in Q2 2012/13 (Figure 1). Growth is likely to soften further to 2% by the end of this fiscal year (FY) 2012/13. Nevertheless for FY 2013/14, and FY 2014/15, we project that growth would accelerate to 3%, and 4.5% if political uncertainty recede. Growth during the nine months ending March 2013 was tepid at 2.3% after spiking above 5% in Q3 2011/12.