Economic Recovery Bodes Well For Car Sales

Egypt's economy has been sheltered from the worst of the financial crisis, and its recovery continues to gain momentum. This year, BMI expects the economy to expand at a rate of at least 3.5%. While this still falls short of the average 7% posted in the pre-crisis years, it is still one of the fastest rates of growth in the region. If the recovery continues to gain steam, we believe this will spill over to the auto market in Egypt.

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