Sunday 4 September 2011

Global anxieties set to trickle down - The National

Fresh volatility is likely to hit regional markets as worries about the global economy filter down to local investors.

Gulf markets will resume digesting global news after a hiatus because of the Eid Al Fitr holidays.

"More volatility is to be expected," said Jarmo Kotilaine, the chief economist of NCB in Saudi Arabia. "Clearly, the basic assumption about the expectations for the global economy have been downgraded quite significantly."

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