Friday, 25 November 2011

Egypt's economy slumps under weight of unrest (AP)

FILE - In this Sunday, Nov. 20, 2011 file photo, an Egyptian trader reads a copy of the Al-Masry Al-Youm local newspaper fronted by pictures of clashes between protesters and security forces,  at the Egyptian stock exchange in Cairo, Egypt. More than nine-months after the ouster of President Hosni Mubarak, the country is reaching an economic crisis point as the stock market posts daily plunges, foreign reserves have fallen by almost 40 percent and a ratings agency pushed Egypt's sovereign ratings deeper into junk status.(AP Photo/Amr Nabil, File)AP - Drivers passing Tahrir Square in downtown Cairo curse the protesters.



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