The Institute of International Finance (IIF), which is the world’s only global association of financial institutions, forecasts the economies of the six Arabian Gulf States to witness an average 19% growth rate by the end of the current year of 2006. It also forecasts the total GDP value of these states to reach $725 billion by the end of the current year of 2006.
Meanwhile, the average rate of inflation in the GCC is set to reach 4%-5% by the end of the current year of 2006.
