Path to recovery: Page 36OBGplus
The improving political situation has brought a new sense of optimism after three years of turbulence. The IMF forecasts GDP growth will reach 3.5% by 2015, and the new government has outlined an ambitious vision for development and begun to address a structural fiscal deficit that reached 13.7% of GDP in 2012/13. Efforts to revamp the costly subsidy system and overhaul the tax regime are likely to continue. Egypt in figures Continental crossroads: Stability is returning to the regional power…
