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Egyptians optimistic on peace yet wary of gains
The Cairo based report notes many Egyptians expect a peace deal with Israel to bring immediate relief, better goods, and higher living standards, but economists warn profits will be gradual and taxes, defense spending, and population pressures will limit quick improvements. Egypt's growth is projected at 7 percent for the next two years, yet inflation, unemployment, and a red trade balance persist. Government officials say peace could spur oil output, investment, and demobilization benefits, though no instant relief is guaranteed.
MENTIONED IN THIS ARTICLE
4CATRO
Egypt
Israel
Cairo
Abdel Aal Hamad
Egtian
West Berlin
Middle East
Strauss
Business Week Magazine
The
American Productivity Center
Federal Reserve
G. William Miller