Is the financial storm easing?
Are we seeing a glimpse of light at the end of the tunnel? Perhaps. A recent analysis based on economy situation at the Gulf revealed the possibility of financial recovery. It worth noting that most oil consumptions in major developed countries rely on the production (and the rate) of crude oil from this part of the world, and thus its role in the global economy system.
Well, I’m probably a complete novice in economy affairs, so I can’t comment much on its global ramifications nor its interlinkage to our lives. In the view of my small world, all I hope is speedy and timely financial recovery in the interest of my graduating buddies.
The worst of the financial crisis may be over for the Gulf as steadily strengthening oil prices and the return of foreign investors help to restore confidence in battered stock markets …
- The National on 15 May ‘09
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