How two Oil-Rich Economies bounced back

May 2013
African Business;May2013, Issue 397, p50
The article discusses how Africa and the United Arab Emirates (UAE) recovered from the global economic crisis of 2008-09. It is stated that economic growth in the UAE could be attributed to various factors including higher oil prices, increased government spending, successful restructuring of debt and resurgence in tourism, transport and trade. It is stated that economic growth of Africa could be attributed to strong performance of oil-exporting countries and expanding economic ties with Asia.


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