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Egypt may need stimulus package to create jobs: Finance Minister

14-Feb-2011 1:31 PM

Egypt's Finance Minister Samir Radwan stated Egypt's economy may need a stimulus package to help create jobs (Bloomberg, 12-Feb-2011). Recent turmoil has hit exports, tourism and raised borrowing costs for the government. The unrest may slow economic growth in the fiscal year through Jun-2011 to around 4% although “it’s still too early to tell,” according to Mr Radwan.