GCC rebound: 4 Dubai business opportunities to consider

14/11/2015 (Emirates 24/7): “Global GDP growth will remain below +3% for the third consecutive year (+2.5% in 2015).Mature markets have remained reasonably stable, whereas we have seen clear signs of deterioration in emerging economies.Global trade is set to lose at least USD400bn in 2015, reflecting strong deflationary pressures in the short-term. Our expectations for the global economy remain conservative for 2016 (GDP +2.9%), although with some signs of improvement.In the GCC region, after a tough year in 2015 (GDP growth +3%), 2016 will generate a modest economic rebound for most countries (+3.7%).This should be led by a slight rebound in oil prices – forecast to reach USD60/barrel and supported by strong financial assets – as four of the top 10 sovereign wealth funds globally are based in the GCC.In 2016 GCC countries will absorb adverse external headwinds, and most of them will record higher GDP growth than in 2015 and continue to present solid risk profiles…





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