The Institute of international finance is expected in the GCC countries economic growth of 4.2% this

xinhuanet.com Dubai 5 May report (reporter Cheap St.Louis Browns Jerseys Song Yu) the Institute of international finance 5 days in Dubai regional report released, is expected to Arabia Gulf Cooperation Council (hereinafter referred to as the GCC member states in 2014) the average economic growth rate of 4.2%.

report said, because crude oil production growth slowed down, the GCC countries economic growth Cheap Mariners Jerseys last year Cheap Cubs Jerseys decreased from 4.2% to 5.5% in 2012. This Cheap Twins jerseys year, the GCC countries crude oil production is expected to remain sluggish growth.

report last year, the area of non hydrocarbon fields of real gross domestic product (GDP) growth rate of 5.4%. Economic diversification policy is effectively change the economic landscape in the region, oil and gas fields in the actual GDP ratio has dropped from 41% in 2000 to 33%.

but the Institute of international finance also reminded, in the past three years, various transformation effect the GCC countries to its national income is not ideal, the oil and gas industry revenue budget is still as high as 84%. If oil prices fell sharply, but the government spending continued to rise, some GCC countries metaphase will Cheap kids MLB Jerseys face financial pressure.

the Institute of international finance Africa and Middle East head George · Abad said, the GCC countries efforts are still needed to promote economic diversification, the financial status of weakening the area is highly dependent on oil revenues.