Egypt Defence and Security Report Q3 2009

In light of the ongoing global economic slowdown, as well as a deteriorating security situation in the Gulf of Aden threatening Suez Canal traffic, our 2009 and 2010 growth forecasts have been slashed. The Egyptian year 2009 refers to the 12 months to July 2009; thus the damage for this year will be mitigated: in the first quarter, real GDP expanded by 5.2% ??