Gulf economies to expand 4.4% in 2014: IMF | GulfNews.com

Gulf economies to expand 4.4% in 2014: IMF | GulfNews.com:

"The economies of the six Gulf Arab countries will expand by 4.4 per cent in 2014, the International Monetary Fund said on Saturday, raising its earlier forecast for the oil-rich bloc.
The aggregate economic growth in 2013 for the Gulf Cooperation Council will be at 3.7 per cent, said Nemat Shafiq, the IMF deputy managing director, in a meeting with the finance ministers of the member states in Riyadh.
The “GCC has continued to be one of the most performing economies,” she said, adding that “the growth is 3.7 per cent this year [and] 4.4 per cent next year, after an exceptional growth of 6,4 per cent in the last two years.”
Oil and gas receipts represent the bulk of their revenues."

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