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FINANCIAL NEWS
GCC economic growth to reach 2pct
17 Oct 2016
(MENAFN) The GDP of GCC States is predicted to reach 2 percent for this year and the coming year, similar to growth levels in 2015.
Accordingly, Brent crude will average USD45 per barrel in 2017, USD50 in 2018 and USD55 for 2019.
Moreover, the structural shift in the energy markets recently well and truly established and GCC governments on path to addressing the fiscal deficits.
Meanwhile, corporate and infrastructure firms are able to operate successfully and deal with the implications of the reform agenda; higher taxes and lower subsidies.
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