Yesterday started with an announcement by the Finance ministers and central bank governors from all six GCC countries that “The Recession is Over” (crowd cheers). At 1pm I went to lunch and by the time I came back one of the Middle East’s leading business figures was warning that “the region faces a “second wave” of economic contraction”. What happened in the preceding few hours?
Its no wonder residents of Dubai take everything they read in the local media with a very liberal grain of salt!.
No comments:
Post a Comment