Middle East Economic Survey


No 28



GCC Economies Return To More Robust Growth, Says Samba

The GCC region is returning to more robust growth, following a year of weak activity in 2009, says Samba in its June Economic Monitor. The pick-up in growth is underpinned by higher oil prices, strong government spending, and a rebound in global trade and capital flows. The problems in Europe are unlikely to alter materially economic growth prospects for the GCC states for the...