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GCC economy poised to log 6 pct growth in 2012

Posted on 09 October 2012

The economic performance of the GCC countries is robust with an expected growth of 6 percent for the region, a specialized economic report showed Sunday. The report, by Gulf Investment Corporation, highlighted two forces which helped the GCC to shoulder the weight of the global sluggishness.
“First, is the continued expansive fiscal policy on an assortment of investment projects as well as current expenditure that act as safety nets for consumers and wage earners. Secondly, firm oil prices and increased oil and natural gas exports are helping the economies achieve sustained economic growth and achieve robust surpluses in trade and fiscal accounts,” reads the report………………………………………..Full Article: Source

 
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