The recovery in oil prices is set to accelerate Gulf Arab economic growth to as much as 6.2% in 2010 compared to a projected contraction of 0.9% in 2009, a research report said.
"We forecast positive real and nominal GDP growth in 2010 as a result of both higher oil prices and production levels," EFG Hermes said in the report.
The global credit crunch brought a boom in Gulf Arab economies to a grinding halt this year but high state spending and a turnaround in oil prices are helping the world's top oil exporting region recover.
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