11
Jul
15:55
Costlier oil boosts GCC economy, but credit subdued
Higher oil prices will boost Gulf Cooperation Council economic activity through additional public spending and raised private sector confidence. The Institute of International Finance (IIF) sees the GCC’s real Gdp rising 2.5% on-year in 2018 versus a -0.3% contraction in 2017.
“Non-hydrocarbon growth is set to gradually improve, driven by higher public spending,” IIF says in a note sent to Kallanish. “However, lacklustre credit growth ind…
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Anonymous
Very good overview of the weekly steel market.
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