The Freedom and Justice Party (FJP), the Muslim Brotherhood’s political arm, expects the economic crisis to last for an additional two years said businessman and Brotherhood leader Hassan Malek at a conference Sunday.
During a conference announcing the United Nations Development program's report, “2011 Arab Development challenges,” Malek said that following the 25 January revolution, Egypt’s economy suffered from a balance of payments deficit and a budget deficit. He said that the party expects the ongoing crisis to continue for “approximately two years.”
He went on to say that during this stage, the FJP, which represents the majority in Parliament, will focus on forming a political system, drafting the constitution and forming an “elected legitimate government” that is able to “correct administrative corruption, correct the deficit, stimulate national income sources such as tourism, and find solutions to the problem of unemployment.”
“During the intermediate stage that follows, the party will focus on the country's infrastructure and on developing an education system that meets the market’s needs,” said Malek. He added that he expected this phase to continue for five years, “and then we will consider the renaissance, which could take between 20 to 30 years.”
Translated from Al-Masry Al-Youm
