''Egypt's economy is crippled by unrest but GCC states could offer vital help''

"In Egypt, the irony is that the revolution is dashing the very economic hopes it helped to create: Egypt's growth rate has fallen from 5 or 6 per cent per year to 1 per cent or less, and foreign direct investment has plummeted by worse than 90 per cent. The government's US dollar reserves have dwindled alarmingly, as it faces a liquidity crunch and a fiscal crisis. The deficit is in excess of 10 per cent of GDP."


from the national...