TITLE

Oil price pushes up regional inflation

AUTHOR(S)
Cheok Soh Hui; Kovac, Matt
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/21/2007, Vol. 2 Issue 67, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reveals the increase in the inflation in oil-producing economies in the Middle East due to strong demand growth and foreign currency inflows, according to an International Monetary Fund (IMF) report. Inflation in the region is expected to climb to ah average of 9% this year. Real gross domestic product growth is expected to average more than 6% in 2007, a trend seen over the past four years, the IMF said.
ACCESSION #
25424542

 

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