Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

REGIONAL

Gulf Economic Outlook Positive As Oil Stabilizes, NBK Says

The economic outlook for the GCC is largely positive, on the back of stabilizing oil prices and the general global recovery, said the National Bank of Kuwait (NBK) in its latest economic brief for the region. Regional real GDP growth is still expected to contract by 2.5%, said the bank, but should rebound to 4.8% growth in 2010, outperforming most other regions. This years drop...