Outlook stable growth of the non-oil sector in the Gulf States between 4 and 5 percent
Agencies - expect the National Bank of Kuwait, the stability of the economies of the GCC countries, particularly the growth of non-oil sectors by 4 to 5 percent, while oil prices are still faced with many pressures of having seen a recovery in the relatively recent period.
The "national" in the economic brief issued on Monday, said that the GCC countries are going to plans for infrastructure and spending in order to prop up their economies, pointing out that it has the financial reserves represent sufficient support in the short and medium term.
He explained that the volatility in global markets came in the third quarter of this year, more than expected affected by a slowdown in the Chinese economy and monetary policy of the US central bank, as most markets ended the third quarter registered a significant decline in the stock activity.
He attributed the recent volatility in global markets to developments in China and America, which are preparing the biggest economic powers in the world in terms of economic growth and a decline in China, which prompted the government to take the necessary steps to support the financial markets but to no avail.
According to the report in this regard that those steps included many policies notably facilitate borrowing laws and the application of official purchases of shares and prevent some purchases and reduce interest rates and to facilitate the trading of exchange rates "However, all these measures failed to convince investors and correct the drop in the Chinese stock market ".
He explained that the Chinese stock affected by the decline in economic data and declining confidence of a sudden, in the midst of recovery, which caused the stock price has doubled in less than one year, pointing out that the volatility in the markets has left China during the third quarter impact in all other ma
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