What are the socio-economic prospects of Egypt in 2010?
Historically, Egypt has been beacon of trade, culture and innovation since from its early days. And despite severe global economic meltdown and financial crunch, Egypt still succeeded to attract foreign direct investments of worth US$ 8.1 billion in 2008-09. Egypt has been labeled one of the best destinations of FDIs for many years due to its strong and stable macro-economic indictors. The GDP was 4.7 percent in 2008-09 and prospects are bright even in 2010. It has Arab World’s largest and most skilled workforce. Rigorous economic reforms has made it hub of all kinds of business exposures and economic activities. The annual CPI continued to decline in August 2009 reaching 8.4 percent. Unemployment rate is also not controlled. Egyptian society is dynamic and its economy is vibrant and both are contributing enough for its own survival. 18. Egypt was named one of the world’s top economic reformers by World Bank in 2009. What are the multiplier effects of these integrated reforms? Egypt in
