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.