GCC set to recover first from global downturn, after realty correction

Because inflation will be the unintended economic impact of the global financial bailout. Therefore there will only be a relatively shallow recession in the Gulf States - albeit fatal for overstretched property speculators and many real estate developers. But for those with the capacity to tough it out, this is the place that will recover first from the global recession and still have the best growth prospects for the near future.