Inflation ‘Could make GCC Vulnerable’‎

11/05/08

Gulf News – November 5th, 2008
Distribution Market: UAE

Dubai High inflation makes the GCC extremely vulnerable to economic shocks, according to analysts ‎from global consulting firm Booz & Company.‎

‎“The GCC must move from model characterized by overheated economic growth to one that ‎emphasizes on growth through sustainable development beginning with fighting inflation ‎comprehensively,” said Abouchakra, Principle of Booz & Company.‎