Analysts have cut their economic growth forecasts for the Gulf Arab oil exporting states further despite a rebound in crude prices, because of the impact of governments' austerity policies, a Reuters poll found.
Brent crude oi
Serious fiscal reform should see the GCC region avoid recession, despite weaker oil prices presenting a serious challenge to the growth outlook, reported the Gulf Daily News, our sister publication.
To read further, pleas
During periods of recession, companies face two options: they could either retrench in order to try and save their way out of the recession or invest their way out of a recession. Which one should they choose and why? An expert explores.
Asian shares slid to their lowest levels since late 2011 on Monday after weak US economic data and massive falls in oil prices stoked further worries about a global economic downturn.
Oil prices fell as much as 4 per cent on Monda
Analysts have cut their forecasts for economic growth in Saudi Arabia and the Gulf's other rich oil states this year but still expect the region to avoid recession by a comfortable margin, a Reuters poll found.
The median fore
Japan's annual export growth slowed to a crawl in September as shrinking sales to China hurt the volume of shipments, raising fears that weak overseas demand may have pushed the economy into recession.
Ministry of Finance data
Global oil demand will ultimately react to lower prices, though it could stay weak in the first of the year as Middle East growth slows and Russia heads into recession, a report said.
Models suggest a six-month lag and a limited r
European stock markets fell for a second day on Wednesday, pushing world share indices back towards their lowest in six months as concern mounts over global economic growth.
New York markets were set to open flat to higher and cur
Finance and development ministers from around the world next week will warn of considerable downside risks to the global economy, and call for an effort to protect the world's poor, a report said.
With Europe flirting with def
Global oil demand will increase more quickly this year as economic growth accelerates, outstripping supply even as shale oil production in the US reaches record highs, the West's energy watchdog said on Tuesday.