Structural reforms key to GCC growth and job creation | GulfNews.com

Structural reforms key to GCC growth and job creation | GulfNews.com:



"The GCC economies need strong commitment to structural reforms to address its relatively high youth unemployment and boost efficiency in terms of national labour productivity, said Marie Owens Thomsen, Chief Economist, Crédit Agricole Private Banking, on Monday.



Fiscal and monetary policy options have been tested to their limits across the world in order to mitigate low growth, unemployment and high debt levels that resulted from the great recession. The new frontier of policy reforms lies in structural reforms according to Thomsen.



Reforms needed



Although the GCC region with its strong macro fundamentals can be said to be one of the rising stars in the globalised economy, she said these economies too require strong structural reforms to fight the entrenched youth unemployment."



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