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Egypt props up auto, textile industries amid mounting job loss fears
On fears employers in Egypt would respond to the worst financial crisis since the Great Depression by slashing jobs, the government revealed this week new measures to bolster a number of labor-intensive industries.
However, as a batch of warning signs indicate the world remains trapped in the throes of a sharp economic slowdown, some analysts forecast 2009 will cut a substantial swathe of wreckage through Egypt's job market.
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