The Middle East is "on track" for recovery from the global financial crisis despite the concerns around the Euro, according to a leading economist.
Speaking in Dubai on the current global economy and outlook for the Middle East, Andrew Scott, Professor of Economics at London Business School, said 2012 will be a year of slow growth but the region is doing well in re-balancing its economies and is beginning to gain momentum.
“The recovery is on track. You can see the region beginning to gain some momentum. Obviously there can’t be expected to be rapid growth for those exposed to the finance and real estate sectors so growth will need to come from elsewhere."
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