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High oil prices to power Gulf economies amid inflation risks

BENGALURU The Gulf Cooperation Council’s (GCC) economic growth will accelerate this year to a pace not seen in a decade, according to a Reuters poll of…

High oil prices to power Gulf economies amid inflation risks: Reuters poll

BENGALURU: The Gulf Cooperation Council’s economic growth will accelerate this year to a pace not seen in a decade, according to a Reuters poll of economists, who said high inflation and a slowing global economy were the biggest downside risks. Crude prices, a major driver for Gulf economies, shot up after Russia invaded Ukraine in February and have remained elevated, giving a

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