19.11.2012 - GCC insulated from global shocks
Slower growth in the US, eurozone and China would have knock-on effects in the GCC, but the region is “insulated” from potential global economic shocks on the back of strong sovereign wealth fund assets and international reserves, according to Qatar National Bank, or QNB. Additionally, the region’s sovereign wealth funds, or SWFs, have external assets valued at just under $1 trillion, according to the IMF. Therefore, SWF assets and international reserves collectively total over 120 per cent of regional GDP...............................................Full Article: Source
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