Egypt's economic situation is worsening because of continued protests, said economic expert Abdul Muttalib Abdul Hamid, director of the Center for Economic Research at Sadat Academy. He said statistcs show the affect of continued demonstrations, quoting Minister of Finance Samir Radwan, who said, "The danger is coming.” If Egypt continues to draw from reserves of foreign exchange it will exceed budget deficit limits of 10 percent of Egypt's GDP, said Hamid. He added that this is why he is calling for the government to intensify negotiations with international bodies to obtain loans on concessional terms. However, he ruled out the possibility of complete bankruptcy due to several Arab and European countries providing aid and grants and loans, whether through financial institutions or international, regional, or state government funds, in order to assist and support the Egyptian economy to face the current crisis. Hamid said that the increase in the budget deficit would affect the world's view of Egypt and affect the country's bargaining power to get international loans. He expects a rise of 11% in GDP, due to increased expenses, reduced income and rising prices for petroleum products and food products. He added that the high prices of the dollar against the pound locally contributes to increase in debt, especially as this year's budget was set for an exchange of 5.56 pounds to the dollar but the exchange is currently about 5.96 pounds to the dollar. Hamid stressed that meeting the increase in the budget will come through reserves or by selling bonds and bills.