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Islamic Finance Briefing - Categorized | Islamic Law / Economics, Performance more

The growth rates of Muslim economies have dropped

Posted on 06 July 2012

The growth rates of Muslim economies have dropped from 5.7 percent in 2010 to 4.9 percent in 2011, a specialized economic report showed on Thursday. The report of the Islamic Development Bank (IBD) said these economies have been gravely impacted by the struggling global economy, eurozone debt crisis and the political upheavals in the Middle East and North Africa region.
It, however, unveiled that the current account surpluses for the IDB members have jumped from 4 percent of the country’s GDP in 2010 to 5.6 percent of the GDP in 2011. Data also showed foreign debt of member states have eroded from 32 percent of the GDP to only 29.5 percent of the GDP in the corresponding time………………………………………..Full Article: Source

 
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