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Égypt-actus
revue de presse sur l'actualité culturelle, archéologique, politique et sociale de l'Égypte
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L'Egypte va annoncer les détails de son deuxième plan de relance depuis que le président islamiste Mohamed Morsi a été évincé en juillet dernier.

Egypt will announce details of its second stimulus package since Islamist President Mohamed Mursi was ousted in July within days, its finance minister said on Tuesday, aiming to boost tepid growth and reassure investors.

Egypt's economy has continued to suffer from investment outflows and a drop in tourism during political turmoil since autocrat President Hosni Mubarak was toppled in an uprising in 2011. The economy grew by just 1.04 percent in the three months through last September from a year earlier, according to latest central bank data.

In the latest sign of turmoil, a senior Egyptian Interior Ministry official was killed outside his home in Cairo on Tuesday, putting pressure on the military-backed government as it struggles to contain an Islamist insurgency.

The interim government is trying to give out assurances that the country is safe for investors.

 

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L'Egypte revoit à la baisse ses prévisions de croissance

(Reuters) - La croissance égyptienne sera de 3% à l'issue de l'année fiscale s'achevant fin juin, a déclaré lundi Achraf Al Arabi, ministre du Plan et de la Coopération internationale, revoyant à la baisse une précédente prévision fixée à 4%.

"Les événements politiques actuels" ont entravé la croissance, a expliqué Achraf Al Arabi. Le ministre a également annoncé que la croissance annuelle avait été de 2,5% au cours du dernier trimestre 2012.

Les investisseurs et les touristes se tiennent toujours à l'écart de l'Egypte, malgré les efforts du président Mohamed Morsi, issu des Frères musulmans, que l'opposition accuse de dériver vers l'autoritarisme depuis son élection en juin 2012.

 

Plus : http://fr.reuters.com/article/frEuroRpt/idFRL6N0BI7KO20130218

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L'économie de l'Egypte va croître de 2,0 % pour l'exercice se terminant en juin 2014, bien en dessous de l'objectif du gouvernement de 3,5 %.

L'économie de l'Egypte va croître de 2,0 % pour l'exercice se terminant en juin 2014, bien en dessous de l'objectif du gouvernement de 3,5 %. | Égypt-actus | Scoop.it

gypt's economy will only grow by 2.0 percent in the fiscal year ending June 2014, well below the government target of 3.5 percent, according to a Reuters poll of economists who lowered their forecasts once again.

Chances for an economic rebound were hurt by violence and political turmoil after Islamist President Mohamed Mursi was ousted by the army on July 3 after mass protests against him.

The consensus of 10 economists polled by Reuters for 2.0 percent growth in the fiscal year to the end of June 2014 is down sharply from 2.6 percent in a poll conducted in September.

The survey suggested growth would accelerate to 3.3 percent in the year to June 2015, also well behind the government's 4.5 percent target. Egypt's economy grew a meagre 2.1 percent in the year to end-June 2013.

"In Egypt, pressures on the external position eased in 2013," said Daniel Kaye at National Bank of Kuwait. "Along with a slight improvement in the political climate, this has set the stage for a modest acceleration in growth in FY14/15."

Supported by more than $12 billion in Gulf aid, Egypt introduced a 30 billion Egyptian pound ($4.3 billion) stimulus package in 2013 and plans to launch another one of about the same size later this month.

However, political turmoil also made it less likely the government would make early cuts in energy subsidies, which make up 20 percent of state spending, preventing it from directing resources to investment.

Before the 2011 uprising that toppled autocrat President Hosni Mubarak, the economy grew at about 6-7 percent annually for several years. Even that pace was barely enough to produce work for the number of Egyptian youths entering the job market.

Three years of political uncertainty and protests have hit Egypt's tourism industry, traditionally one of the country's biggest source of foreign currency.

Protests in late 2012 sparked a run on the currency that cost the central bank billions of dollars to bring under control. On Monday, the central bank announced an exceptional auction to sell $1.5 billion.

The latest poll forecast that the Egyptian pound would weaken to 6.99 to the dollar by end-June and to 7.29 by end-June 2015.

On Monday, the pound was trading at 6.96 to the dollar officially in a bureau de change in Cairo and at 7.37 on the black market, according to a trader.

The poll predicted that inflation would reach 9.5 percent, both in 2013/14 and the following fiscal year, slightly lower than forecasts of 9.6 and 9.8 percent in the last survey.

Urban inflation stood at 11.7 percent in the year to December 2013, up from 9.5 percent a year earlier. It reached 13 percent in November 2013.

($1 = 6.9619 Egyptian pounds)

(Polling by Shaloo Shrivastava; Writing by Shadia Nasralla; Editing by Alison Williams


By Shadia Nasralla

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Egypt sees weaker-than-projected economic growth

Egypt sees weaker-than-projected economic growth | Égypt-actus | Scoop.it

Egypt's annual economic growth rate will hit 3 percent by end-June, below the government's projected 4 percent because of political instability, the Planning and International Cooperation Minister said on Monday.

 

In remarks reported by the state news agency, Ashraf al-Araby also said the rate of annual growth was around 2.5 percent in the three months ending in December. Egypt's fiscal year runs from July to June.

Referring to the 4 percent growth rate targeted by the government, Araby said: "The current political events hampered that."

 

The Egyptian economy has been hit by more than two years of turmoil since the popular uprising that swept Hosni Mubarak from power in February 2011. The unrest has driven away tourists and investors. (...)

 

Government officials have repeatedly said they expect an IMF delegation to arrive soon to complete talks on the loan, which was agreed in principle in November but postponed in December at Cairo's behest because of the political turmoil in the country.

 

Araby said the IMF delegation would arrive "in the next few weeks" to finish the talks.

 

More on: http://uk.news.yahoo.com/egypt-sees-weaker-projected-economic-growth-134019391--business.html

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