Egypt GDP Growth to Slow ‘Significantly’ After Revolt, IMF Says

Economic growth in Egypt will slow “significantly” and political unrest spreading across the Middle East and North Africa will hurt other economies in the region this year, the International Monetary Fund said.

Egypt’s gross domestic product will expand about 1 percent, the IMF said in its World Economic Outlook report released today, cutting the forecast from 5 percent after the uprising that ousted President Hosni Mubarak in February. The economy of Tunisia, where Zine El Abidine Ben Ali was driven from office a month earlier, will grow 1.3 percent this year, the IMF said. Average growth across the region is projected at 4.1 percent.