KUWAIT, Dec 5 (KUNA) -- Kuwait Investment Authority (KIA) organized here
today a forum in cooperation with Morgan Stanley Corp. at the headquarters of
the Arab Fund for Economic and Social Development (AFESD).
Abdullatif al-Hamad, board chairman of AFESD, in a speech opening the
forum, applauded such meetings among finance and economy specialists in that
they offered an opportunity to examine the global financial and economic
picture and seek solutions for problems affecting that picture.
The forum was being held under the theme of "A future outlook at the global
economy and opportunities for investments ." Director of strategies and
planning at KIA Fahad al-Salem stressed the importance of the forum, noting
that many financial and economic analysts attended it.
Among the topics discussed at the forum today were economic expectations
and forecasts in view of the current economic uncertainties engulfing many
world markets, and investor skittishness investing in euro-dominated economies
because of the shakiness of the status of the euro.
The participants in the forum expected the global economy to grow this
year at an anemic 3 percent which is the same percentage for last year.
The participating financial and economic analysts and observers agreed
among themselves that the euro crisis should be resolved via every nation
taking the appropriate steps to reform their economies and bring to balance
their financial status. (end)
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