Wednesday, 5 October 2011

Gulf states, emerging markets defy slowdown - Money - Zawya

Economies in the developed world may be slowing but the outlook for emerging markets and major oil-producing countries is still positive, experts said on Monday.

Countries like Qatar, the UAE and Saudi Arabia are showing some resilience and look fairly decoupled from the global economy.

Brad Bourland, chief economist at Jadwa Investment, said that while the West is struggling with sovereign debt and bank troubles, emerging market countries including the Middle East are enjoying higher economic growth.

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