GCC states achieve 7.3% GDP growth led by non-oil sector expansion

RIYADH: Member states of the Gulf Cooperation Council have recorded a 7.3 percent growth in their gross domestic product for 2022 and a 4.8 percent increase in the non-oil sector, a senior administrator revealed.

GCC Secretary-General Jassim Mohammed Al-Budaiwi disclosed the growth rate during the meeting of Arab governors with the World Bank Group President Ajay Banga, reported the Saudi Press Agency.

This meeting took place on the sidelines of the International Monetary Fund and WBG meetings in Marrakech, Morocco.

In his speech,…