Query: How did Egypt's economy do during the 1960s?
Context: Beginning in 1966, as Egypt's economy slowed and government debt became increasingly burdensome, Nasser began to ease state control over the private sector, encouraging state-owned bank loans to private business and introducing incentives to increase exports. During the 60's, the Egyptian economy went from sluggishness to the verge of collapse, the society became less free, and Nasser's appeal waned considerably.