Inflation is long-term problem for GCC
Tuesday, May 13 - 2008 at 09:16
Rising inflation is a long term problem for all GCC countries as many of the contributing factors to the rising prices are not strictly short term in nature, according to Mohsin Khan, Regional Director of International Monetary Fund's Middle East and Central Asia Department. Khan said the factors that are fuelling inflation, which include delays in real estate supply and rising costs of imported food, are not short term issues, which means the region will need to learn to adjust to higher inflation. The IMF estimates that inflation will average 7.1% this year across the entire GCC, compared to 6.1% last year.
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
Also consider reading:
- » Dropping peg would not be 'quick fix'
- » UAE stocks end positive
- » Al Mana sells $163m bond
- » DFM drops, ADSE slides slightly
- » Al Khazna buys 15% Sanad stake
- » Dubai's ruler to buy Aussie horse business
- » UAE stocks end lower
- » India seeks investment from Gulf
- » Kuwait Financing and Investment Q1 profit falls 37%
- » Dubai Group sells stake in Egyptian firm
Jeff Florian, Senior ReporterTuesday, May 13 - 2008 at 09:16 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Index : Finance and Economy
Browse related articles
Browse related articlesToday's most read articles:
Most read articles the past week:
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds