The World Bank has announced that the economy of the members of the Persian Gulf Cooperation Council will increase from 2.8% in 2024 to 4.7% in 2025.
Publish dateTuesday 16 April 2024 - 12:51
According to the report, the current account surplus of the United Arab Emirates will increase to 8.4% in 2024 and 8.3% in 2025, and this country will achieve a surplus of 5.1% in its financial balance by the end of this year and 4.8% in the future.
According to the World Bank report, the MENA region is expected to grow by 2.7% in 2024 and 4.2% in 2025.
According to the World Bank, Mena's GDP per capita is expected to grow by 1.3 percent in 2024.
According to this bank, the economic growth of the Persian Gulf Cooperation Council, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is due to the increase in oil production due to phasing.
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Source : news agency wam
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