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'This revolution was a curse': Economic woes test Egypt

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Fri, 10 Jun 11 6:43 PM | 38 view(s)
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'This revolution was a curse': Economic woes test Egypt
'People in the neighborhood are talking about going back to the streets for another revolution — a hunger revolution'

By DAVID D. KIRKPATRICK and DINA SALAH AMER
The New York Times
updated 6/10/2011 3:12:38 AM ET

CAIRO — Egypt’s economy, whose inequities and lack of opportunities helped topple a government, has now ground to a virtual halt, further wounded by the revolution itself.

The 18-day revolt stopped new foreign investment and decimated the pivotal tourist industry. The annual growth slowed to less than 2 percent from a projected 5 percent, and Egypt’s hard currency reserves plunged 25 percent.

Full story: http://www.msnbc.msn.com/id/43350732/ns/world_news-the_new_york_times/




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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