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Gulf economies to grow 5pct in 2010 on oil price rise: IMF

Posted on 12 October 2009

From Livemint.com: Gulf Arab economies will grow 5.2% next year as oil prices rise, credit markets improve and the property industry stabilizes, the International Monetary Fund (IMF) said.

The growth forecast for Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Qatar, Bahrain and Oman is based on an average oil price of $76.5 (Rs3,557) a barrel in 2010, the Washington-based IMF said on Sunday in its regional economic outlook for West Asia………………….Full Article: Source

 
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