IMF warns on GCC overheating risk

September 2006
MEED: Middle East Economic Digest;9/15/2006, Vol. 50 Issue 37, p36
Trade Publication
The article deals with the economic forecast of the International Monetary Fund for Gulf Cooperation Council states, in September 2006. Global economic growth is expected to remain strong throughout 2006/2007, in spite of high oil prices. Economic growth in the non-oil-exporting countries of the Middle East included in the regional survey is also strong, although the recent conflict in southern Lebanon is expected to inflict substantial economic damage. Inflation has remained low in spite of soaring government spending.


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