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FINANCIAL NEWS
Fitch positive on GCC oil exporters’ outlook
25 Dec 2012
(MENAFN) Global rating agency, Fitch, reassured Gulf countries as it reported a forecast of solid growth for these oil exporters, reported Arabian Business.
Fitch stated that even though inflation would vary from an oil exporter to the other, price pressures will remain subdued in line with global trends.
Fitch added that as oil process are on the upper level, this would help Gulf governments to increase budgets and spending and thus help boost their economies.
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