78384252 Unrest cost Egypt $ 310 million per day
Protests and riots in Egypt cost the economy of the North African country of 310 million dollars a day. On it informs BBC News referring to the analysis of the bank Credit Agricole. Economists at the same time the bank lowered the GDP growth forecast for 2011 from 5,3 to 3,7 percent. Banking and Stock Exchange in Egypt during the last ten days have been closed. In major cities also stopped working factories. Many tour companies stopped sending tourists to Egypt. For the economy it is especially painful given the fact that now in the midst of tourist season. In addition, the expected additional increase in food prices, even though high prices for proldukty become one of the key reasons for the unrest. Riots in Egypt continued for more than two weeks. Hundreds of thousands of protesters in Cairo and other cities demanding the resignation of President Hosni Mubarak and hold early elections.
