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QNB Group sees GCC 'insulated' from global growth shock
- Middle East: Monday, November 19 - 2012 at 03:56
QNB Group has said the GCC economies are well positioned to withstand a severe and sustained shock, despite the gloomy outlook for global economy, the Peninsula has reported. "The outlook for the global economy remains gloomy with some key risks: a looming fiscal crisis in the US, potential for further disruption from Eurozone sovereign debt crises and a potential slowdown in the Chinese economy from previously high growth," QNB said in the report. The regional macroeconomic environment now is stronger than it was in 2009, which should help insulate the GCC from global economic shocks, it said.
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