Saturday 11, August 2012 by Robin Amlôt

Up to $500 billion expected surpluses for GCC countries in 2012, says KFH-Research

KFH-Research expects GCC economies to see 6.5 per cent growth in 2012 as a result of the support received by oil and gas sectors. The total commercial balance is forecast to achieve a surplus that varies between $400-500 billion. In addition, KFH-Research sees average inflation across the GCC countries rising to four per ccent this year as a result of increasing food prices. Interest rates will remain stable until 2014.

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