Procter & Gamble optimistic over Egypt's economic recovery

Procter & Gamble (PG.N) expects Egypt's economic growth could return to levels seen before the country's 2011 popular uprising within three years, but the government needs to make life easier for investors, the company's general manager for the region said. Mohamed Sultan, general manager and vice president, Near East, expressed confidence that stability had returned to the Arab country with its huge market of about 90 million people. "Within three years Egypt can be posting these numbers," he said, referring to economic growth of 5-7 percent Egypt achieved before the ouster of president Hosni Mubarak, compared to 2-3 percent now.