Egypt expects economy growth by 3.5 to 4 per cent in 2012/13, Prime Minsiter Hisham Qandil said on Tuesday. The economy is expected to grow by 4.5 per cent in 2013/14, Qandil told reporters at a press conference on Tuesday afternoon. Most economists believe that the 4 per cent expected for the current financial year would be hard to achieve. The economy had slowed grown a meager 2.2 per cent in 2011/12. The economy had grown 1.9 per cent in the 2010/11, the year which saw near stoppage of all economic activity due to the popular uprising that unseated Hosni Mubarak. Initial figures for 2012/13, the current financial year have not been released yet by the government.
