Egypt expects fiscal year growth up to 3.5%

Egypt's planning minister said on Thursday she expected an economic growth rate of 3 to 3.5 percent in the current fiscal year, FY2011/2012

"We are always optimistic when we put expectations and we hope that the developments undergone in this quarter will continue and reflect positively on the coming year," Planning Minister Fayza Mohamed Abouelnaga told a news conference.

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