Exclusive: Ahram Online publishes details of Egypt's GDP growth Despite an impressive 5.2 per cent growth on annual basis, Egypt's economy shrank quarter-on-quarter, official yet un-published data shows Gilane Magdi and Ahmed Feteha, Tuesday 22 May 2012 Quarterly growth in Jan - Mar 2012 was inflated as the comparison base (Jan - Mar 2011)was very low (Source: Ministry of Planning) Egypt's economy shrank by 4 per cent between the second and third quarters of the current financial year, according to official data acquired by Ahram Online. Gross domestic product (GDP) at current prices dropped from LE377.3 billion in the period between October-December 2011 to LE362.5 billion between January-March 2012. Total investments fell by 16 per cent to LE56.1 billion in Jan-Mar 2012, down from LE66.8 ...
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