Middle East Economic Survey


No 21



GCC Economies May Grow At 4.4% In 2010 And 4.7% In 2011, According to IIF

The economies of themember states of the Gulf Cooperation Council (GCC) are now recovering and growth this year is likely to average 4.4% and then rise to 4.7% in 2011, following just 0.3% growth in 2009, the Institute of International Finance (IIF) forecasts. In its GCC Regional Economic Overview, the IIF says that over the medium term growth prospects would...