World Bank: Gulf economies growth of 2.5% in 2017


World Bank revealed the achievement of the Gulf economy expected growth of about 2.5 percent this year as a result of the economic reforms undertaken by GCC governments to economic sectors that put future visions for the future of their countries and start implementing programs have to be achieved and to diversify sources of income to its national economy.
The World Bank explained that the economic reforms currently exist in the Gulf economy and provided a good financial resources of these savings vary between the private and again that private fuel system and its support and linking energy prices to world prices reform provided to some countries more than 1 percent of gross domestic product to its national economy.
The Director of the Gulf region at the World Bank Nadir Mohammed said the Gulf states have passed economic conditions since 2015 as a result of falling oil prices, achieving economic growth of about 3.5 percent in 2015 and fell to about 1.6 percent in 2016 and this year we expect growth of more than 2.5 percent as a result of economic reforms conducted by the Gulf governments to the national economy.
Mohammed said that the World Bank noted the first economic reforms and which represents the fuel system reforms and subsidies, and this reform has provided for some of the Gulf states about 1 percent of gross domestic product and linking energy prices to world prices.

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