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Gulf Arab economies are likely to grow slightly faster in 2015, propped up by strong private business activity despite further falls in oil prices, a Reuters poll of analysts showed Monday.Saudi Arabia's $748 billion economy – the biggest in the Arab world – should expand 4.3 percent next year, a tad more than the 4.2 percent rate expected in 2014 and 2016, according to the consensus of 18 analysts polled over the past two weeks.On the fiscal front, prospects are less bright for the GCC economies since years of breakneck government spending have left them requiring higher oil prices to post state budget surpluses.Even oil giant Saudi Arabia has seen its fiscal forecasts slashed; it is now expected to post a surplus of 2.0 percent of GDP in 2015 and just 0.3 percent in 2016, instead of the 3.7 percent and 3.5 percent predicted in the April survey.
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