MENA Asset Management Survey 2012 - National Bank of Abu Dhabi

Middle East & North Africa
On a global level, ING Investment Management expects growth in 2013, despite a
significant risk of market shocks. However, upside risks are clearly visible, but investors
may miss out on this because their confidence is low.
New research conducted with European institutional investors reveals that 85% have
major concerns about a Eurozone collapse, with the second biggest threat being seen as
a slowdown in China – something 40% of respondents are very concerned about.
We predict World Real GDP growth of 3.3% for 2013, and anticipate growth in the US to
fall slightly to 2% in 2013. Our estimates for the Eurozone and UK are 0.3% and 1.3%
respectively.
When considering emerging markets, ING IM anticipates GDP growth of 6% in 2013. For
China, we estimate that the corresponding figures will be 7.6% to 7.8%, but this will slip
to 6.5% in 2014.
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