Date : 02/06/2013
Author: M.R Raghus
Spurred by high oil revenues, credit growth and economic diversification, real GDP growth rates in the GCC countries have been high in international comparison. They have been comparable to those of other emerging and developing markets and considerably higher than those of the world or the advanced economies on average. Together with growth in intra-GCC trade in the wake of the GCC customs union, this will lead to increased demand for financial services. This book explains these aspects and challenges of GCC financial markets. As financial markets often witness rapid change they are a moving target to study.
Mandagolathur Raghu of Kuwait Financial Center (Markaz) gives an outline of the various segments of the GCC financial sector and relates them to macroeconomic figures such as GDP growth, money supply, fiscal balance and inflation. He gives particular attention to asset management practices and the structure of the banking sector and identifies areas where further institutionalization and professionalization are needed.
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Tags: GCC Markets, GDP, Stock Market
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