“Former regime growth rates did not fall in line with reality,” said advisor of the planning institute, Ibrahim Essawi. The former regime announced growth rates reached 87 percent, which is unreal. The former regime real growth rates did not even reach four percent. according to Essawi. Essawi said Egyptian economy was weak because it depended on rent resources such as tourism, foreigner investments, the Suez Canal and real estates. It would be better for the Egyptian economy depends if it on basic industries. Essawi also said Egyptian economic consequences after the January 25 Revolution are less than expected. Growth rates after the revolution decreased into half while they decreased into third during the international economic crisis in 2008. Industrial growing rate in Egypt during the revolution reached zero with great retreat in cash reserve.
