Egypt's economy is estimated to have grown by an annualised 6 to 6.2 percent in the October to December quarter, the cabinet's spokesman said on Wednesday, heralding its best performance since the global downturn.
'It's on the back of the recovery in Suez Canal and tourism revenue, as well as in construction,' Magdy Rady told reporters after a cabinet meeting.
Gross domestic production (GDP) growth has been gradually picking up since hitting a quarterly low of 4.2 percent in April-June 2008, climbing to 5.5 percent in July-Sept 2010.
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