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GCC growth to decline by 1.8 percent

16 May 2016

(MENAFN) Growth in the GCC is predicted to drop from 3.3 percent in 2015 to reach 1.8 percent this year.

Moreover, the Saudi economy expected increase by 1.2 percent, Qatar at 3.4 percent, Oman at 1.8 percent and Bahrain economy at 2.1 percent.

Additionally, growth in advanced economies is forecasted to stay modest, in line with 2015 outcomes at 1.9 percent this recent year.

On the other hand, demand for local and government credit increased, up 8.1 percent year on year in Feb 2016.

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