It's doom and gloom in the U.S. economy while it 's boom and zoom for the Middle Eastern economy.
GCC countries are unlikely to be heavily affected by either the global credit crunch due to the US subprime mortgage crisis or sudden surges in inward investment which is currently occurring in emerging markets, reported Gulf News citing the IMF's World Economic Outlook 2007. The strong GDP growth in the region alongside low levels of external debt and continued high hydrocarbon prices were seen a positive factors.
http://www.ameinfo.com/134836.html
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