Middle East Economic Survey

VOL. LIII

No 32

9-Aug-2010

REGIONAL

Moodys: Hesitant And Varied Regional Recovery Underway

Moodys Investors Service has reiterated its belief that 2010 will be a year of improvement for the Middle East. Buoyant oil prices and accumulating financial assets enable most Gulf states to maintain a degree of fiscal stimulus, it said in its Middle East Sovereign Outlook: 2010 Mid-Year Update. This should spur private activity despite still weak consumer confidence and sluggish...