TITLE

How two Oil-Rich Economies bounced back

PUB. DATE
May 2013
SOURCE
African Business;May2013, Issue 397, p50
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
87685174

 

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