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26-02-14

GCC 2014 growth outlook positive

(MENAFN) Credit Agricole Private Banking said that the GCC economy is expected to continue to log growth rate this year, Khaleej Times reported. Chief economist at Credit Agricole Private Banking said: "The hydrocarbon-based GCC economies displayed rates of GDP increases high enough to define these countries as a pocket of above average growth." The chief said that the outlook for GCC economies remained promising after the countries registered above average GDP growth last year.