Reuters: US Dollar Report: Gulf Arab states to see lower 2012 growth-Kuwait Fin Min

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Gulf Arab states to see lower 2012 growth-Kuwait Fin Min Mar 27th 2012, 06:42 KUWAIT, March 27 | Tue Mar 27, 2012 2:42am EDT KUWAIT, March 27 (Reuters) - Gulf Arab oil exporting countries are expected to see lower economic growth of around 4 percent this year due to a drop in global demand, Kuwait's Finance Minister Mustapha al-Shamali said on Tuesday. "It is expected that the average economic growth rate of the GCC (Gulf Cooperation Council) countries will slow down to about 4 percent in 2012," Shamali told a financial conference. Asked whether he expected Kuwait's growth would be higher in 2012, he told reporters: "We hope so. About 5 something." The OPEC member country releases its gross domestic product data with a significant lag.

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