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Arab economies grow at 1.5pct

Posted on 12 November 2010

From Emirates247.com: The global fiscal distress depressed growth in the combined Arab economies to one of its lowest levels of around 1.5 per cent in 2009 while their current account balance was also jolted by lower oil prices, official data showed.
But the crisis also had its benefits as it pulled regional countries out of the throes of festering inflation that hit record high rates in some nations, mainly in the oil-rich Gulf, the Abu Dhabi Department of Economic Development (ADDED) said……………………………………….Full Article: Source

 
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