FINANCIAL NEWS

GCC economy to fly 2.1 percent by 2014

28 Oct 2013

(MENAFN) The GCC countries plan to invest in its economy to improve growth in the MENA region in 2013, according to Saudi Gazette.

The International Monetary Fund’s (IMF) World Economic Outlook (WEO) expects the economic status to improve by 2.1 percent this year and 3.8 percent in 2014.

However, oil importing countries in the region are expected not to participate in the investing projects as they suffer political obstacles.

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