Average Outlook

Published October 18th, 2000 - 02:00 GMT

The Egyptian Prime Minister received far-reaching praise for his initial performance. The economy is predicted to expand rapidly this year, and the recent energy discovery will only enhance foreign exchange revenues. Nevertheless, high levels of poverty and disparities in wealth invigorate social tensions that threaten to erase the country's advancement. The ethnic tension in the south sends a warning to the Egyptian leadership that provision of social services, creation of employment opportunities and elimination of poverty remain the utmost priorities. Furthermore, recently revised budget deficit figures only serve to question the county’s actual economic accomplishments. 

© 2000 Mena Report (www.menareport.com)

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