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| ePaper Exclusive |
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World Bank sees 9 percent decline in outward remittances from GCC in 2009
Growth expected to rebound in 2010 after period of economic protraction
Daily Star staff
Thursday, December 31, 2009
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According to the World Bank, cash transfers from the GCC are expected to slow down in 2009 before picking up again in 2010 due to a projected improvement in oil prices and better global economic prospects. The World Bank said the slowdown in 2009 is due to slackening economies and layoffs from private and public sector companies.
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Tags: Bank, Bill, GDP, Industry, Middle East, Qatar, Saudi Arabia, World, Bank, Bill, GDP, Industry, Middle East, Qatar, Saudi Arabia, World, Bank, Bill, GDP, Industry, Middle East, Qatar, Saudi Arabia, World
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