Egypt's economy is unlikely to grow as quickly as the government has forecast for this financial year, economists polled by Reuters predicted, dampening hopes Egyptians will see quick benefits after an uprising driven partly by economic grievances.
In its budget for the fiscal year that began on July 1, the government predicted gross domestic product (GDP) would grow by 4 to 4.5 percent in 2012/13, a forecast that ministers have regularly reaffirmed in recent weeks.
"I think it's a bit optimistic for the coming year. If there is austerity in Egypt, the government will have very little power to stimulate the economy," said Said Hirsh, an economist with Capital Economics.
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