GCC Economies And The Challenges Ahead In 2014 - OpEd Eurasia Review

GCC Economies And The Challenges Ahead In 2014 - OpEd Eurasia Review:

"The International Monetary Fund (IMF) recently published its annual assessment of GCC economies and their outlook in 2014. It makes clear how fast GCC economies have been growing since the global financial crisis. However, it points out to the challenges they face in the near and medium run, if appropriate precautions are not taken now to face those challenges.

First the good news: Since 2009, GCC combined GDP, or the total value of goods and services provided, has grown by over 68 percent during the past four years, from $955 billion in 2009 to an estimated $1.6 trillion in 2013. Current account balance, which has been enviably positive for a long time, has grown even faster during those four years, from $108 to $361 billion in 2013 (estimate), an overall increase of 235 percent."

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