CAIRO: The number of tourists visiting Egypt slumped 46 percent in the first quarter when mass protests ousted President Hosni Mubarak, the Central Agency for Public Mobilization and Statistics said. Foreign reserves fell to $28.0 billion in April, the lowest in four years. "The tourism industry is still affected by the recent events in Egypt causing a great decline in the number of tourists ... which reached 1.9 million tourists," the agency said. Egypt's economy contracted an estimated 7 percent in the January-March quarter. The IMF has projected growth of 1.0 percent this year, down from 5.1 percent in 2010.
