IMF cuts Arab growth forecast, but sees Gulf still strong | GulfNews.com:
"A UAE based economist said that the International Monetary Fund’s report that has lowered its economic growth forecasts for most Arab countries over unrest in the region but predicted strong growth in the oil rich Gulf states is on expected lines.
Saleem Khokhar, head of equities at NBAD’s asset management group said the report makes good sense. “They are cutting the overall growth outlook for the region leaving certain countries which will perform well partly because of export of oil and petrochemical products and reinvesting the money into the infrastructure projects.”
He said Gulf states have become a safe haven due to unrest in other parts of the Middle East. “Money has been flowing into the UAE because of its safe haven status.”"
'via Blog this'
No comments:
Post a Comment