GCC states to suffer from economic issues in 2016

14 Apr 2016

(MENAFN) Low oil prices, geo-political instability and lower government spending are the most important economic issues for GCC states in 2016.

Moreover, 33 percent of investment expertise said that local inflation will grow with the introduction of value added tax (VAT) by 2018.

On the other hand, 28 percent stated that this development will increase the cost of business, and 82 percent expected debt raising activities to increase.

However, the main issues for investment management in the area will be oil prices, as 71 percent of professionals exposed.

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