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Mideast to lead global economic recovery

Posted on 13 May 2009

From Maktoob.com: The global economic downturn is expected to bottom out later this year with a rebound starting around 2011 led by the oil-rich Middle East nations, BNP Paribas S.A.’s chief economist said on Tuesday.

“It’s safe to say we have not bottomed out yet,” Philippe D’arvisenet told Zawya Dow Jones in an interview Tuesday. “We may do later in the year but we may stay at the bottom for many quarters.”…….Full Article: Source

 
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