Economic growth in key Gulf Arab states will slow markedly next year because of a sluggish global economy but remain well above recessionary levels, a Reuters poll showed on Wednesday.
Gross domestic product in Saudi Arabia, the largest Arab economy and the world's top oil exporter, is expected to expand 4.5 per cent in 2012 after 6.2 per cent this year, according to the median forecast of 16 analysts surveyed between September 14 and 27.
The country's central bank governor reined in his expectations for growth on Wednesday, saying he was "optimistic" that the economy would grow at an annual rate of up to five per cent this year and next compared to a previous forecast for this year of around six per cent.
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