A shadow over egypt

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* Limited political, economic room to cut budget deficitīy Shadia Nasralla, Olzhas Auyezov and Andrew TorchiaĬAIRO/DUBAI, March 20 (Reuters) - After Egypt’s new finance minister took office last month, one of his first acts was to downgrade the government’s assessment of its finances. * Faster GDP growth alone won’t solve the problem * May unsettle markets, crowd out private sector * But public debt/GDP ratio likely to keep rising for years

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* Gulf aid has eased many economic problems