Economies of GCC states to slow in 2006

Published January 9th, 2006 - 07:00 GMT
Al Bawaba
Al Bawaba

The economies of GCC states will slow this year, but record oil revenues should sustain a regional boom in 2006 despite risks from inflation and asset bubbles, a survey by Moody's Investors Service showed. The survey indicated that growth will ease in the main energy producers - Saudi Arabia, Kuwait, Qatar and the UAE - as oil output and prices plateau after strong growth last year.

 

Bahrain's average real GDP growth is expected to stay at 6.6 per cent while Oman's will pick up to 6.4%.