The economic growth will decline from 6.4 per cent in 2008 to 0.7 per cent this year but would increase next year, said the IMF.
Non-oil GDP has slowed down but is still projected to grow at 3.2 per cent this year.
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Monday, 12 October 2009
Gulf economies to grow 5.2% next year: IMF
Gulf Arab economies will grow 5.2 per cent in 2010 in the backdrop of rising oil prices, revival of global demand and continued government spending, the International Monetary Fund (IMF) said in its regional economic outlook yesterday.
The economic growth will decline from 6.4 per cent in 2008 to 0.7 per cent this year but would increase next year, said the IMF.
Non-oil GDP has slowed down but is still projected to grow at 3.2 per cent this year.
The economic growth will decline from 6.4 per cent in 2008 to 0.7 per cent this year but would increase next year, said the IMF.
Non-oil GDP has slowed down but is still projected to grow at 3.2 per cent this year.
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