Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

REGIONAL

Carnegie Sees Old Challenges In Changed Environment For GCC Economies

The oil windfall of the past few years allowed Gulf Cooperation Council (GCC) countries to accumulate a consistent volume of revenue and sustain impressive level of economic growth. Although they managed this wealth more efficiently than in previous oil boom periods, the GCC states are still faced with common challenges though at different degrees, due to differences...