Economy / United Arab Emirates
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GCC: Excessive Easing To Hit Macro Outlook
March 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: The dollar reversal the GCC authorities have been praying for looks as remote as ever this morning, and we are now looking at a serious deterioration in the business environment, with likely negative ramifications for economic growth. Even a currency revaluation at this stage will not derail the inflationary