Morsi identifies a 'counterrevolution'

CAIRO, Jan. 25 (UPI) -- Egypt President Mohamed Morsi said "counterrevolution" forces are trying to sabotage the country and are hampering Egypt's economic development.

"The counterrevolution is being led by remnants of ousted President Hosni Mubarak's regime to obstruct everything in the country," he said at the Azhar Conference Hall in Cairo during a celebration to honor the birth of the Prophet Muhammad.

Ahram Online said Egypt's economy is struggling, largely due to political turbulence.

He asked the Egyptian people to work to create an economy suitable for investment.

Morsi's speech Thursday came one day before the second anniversary of the Egyptian revolution, which ousted Mubarak and helped Islamists take control of the country, Ahram Online reported.