Middle East Economic Survey


No 10



GCC Economies Expected To Grow By 5% On Average In 2010, Says Samba

Real GDP growth in the Gulf Cooperation Council (GCC) states is projected to rebound to 5% in 2010 thanks to stronger oil prices, a recovery in world growth and trade, and sustained domestic fiscal stimulus, says Saudi Samba Financial Group in its February report on GCC economies.This figure is significantly boosted by an 18.1% growth projection for Qatar, while...