#hany dimian
Egypt lowered its economic growth forecast for the current fiscal year from an earlier estimate of 5 percent to a range of 4 to 4.25 percent, Finance Minister Hany Kadry Dimian said. The modification of the growth forecast seems primarily to have resulted from the recent plummeting of tourism revenues following the downing of a Russian passenger jet near the Red Sea resort of Sharm el-Sheikh last year. “Tourism is one of the major sectors, not just as a driver…
