Gulf governments will have to set market pace | GulfNews.com:
"The year 2015 can be marked by increased volatility across asset classes on the back of series of events that unfolded from possible “Grexit” from the EU to China’s sudden devaluation, and to end the year with Fed’s policy lift-off.
The rapidly changing themes during the year also took investors by storm, as before they could absorb one, the next one was already looming in the background. The year also witnessed depletion of global forex reserves held by central banks, falling from a peak of around $12 trillion (Dh44 trillion) in the beginning of the year to $11.25 trillion, the largest drop in decades.
Heightened concerns over Chinese growth has been the most important event due to the magnitude of its contribution to world economic growth, particularly those commodity-exporting economies with large amounts of dollar-dominated debt and a reliance on Chinese demand."
'via Blog this'
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