The rebirth of Egypt
ByMerit Al-Sayed, Mark Esposito, and Terence Tse
CAIRO – If macroeconomic indicators are to be believed, Egypt’s economic growth has ground almost to a halt over the past three years. Inflows of foreign direct investment have dried up, and GDP growth rates have plummeted from as high as 7% in 2008 and 2009 to merely 2% in 2013. But are the indicators to be believed?