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Middle East to emerge stronger from credit crunch
- Middle East: Wednesday, November 12 - 2008 at 07:46
Ivan Pictet, the senior partner of Pictet, Europe's largest private bank, said the credit crunch will cause a global recession that will last up to two years, by which time the Middle East will emerge in a very strong position, reported Gulf News. After 18 months to two years, the Middle East will feel a rebound as oil prices start to go back up.
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Jeff Florian, Senior ReporterWednesday, November 12 - 2008 at 07:46 UAE local time (GMT+4)
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