Entries for 'Gulf Cooperation Council'
January 7, 2019
Expansionary fiscal policy will continue to drive non-oil growth, as fragile investment sentiment and regional tensions continue to hinder growth of the private non-oil sector. We expect overall growth to moderate to 2.0% in 2019, dragged down by compliance with the recent OPEC+ deal.
July 10, 2018
We have raised our growth forecast given the expected significant increase in oil production. High oil prices will provide a boost to non-oil economic
May 29, 2018
Supply outages, extension of the OPEC production cuts, and geopolitical risks pushed oil prices higher. Continued supply disruption in Venezuela and p
May 15, 2018
Higher oil prices will widen the current account surplus from 2.5% of GDP in 2017 to 9.6% in 2018. The fiscal deficit, including investment income, wi
March 5, 2018
Non-resident capital inflows to MENA should rise to $224 billion this year, equivalent to about 8% of the region's GDP. The projected increase for MEN
February 20, 2018
This report presents our analysis and projections of 14 economies in the Middle East and North Africa (MENA) region (Saudi Arabia, UAE, Qatar, Kuwait,
December 18, 2017
The recent monetary tightening comes at a time when bank lending to the private sector remains subdued. Further interest rate hikes next year threaten
June 27, 2017
The oil crash has taken its toll on GCC stock markets which are still well below their average for 2014, with a market capitalization of $940 billion
June 21, 2017
With oil and gas prices expected to remain low, we are projecting the GCC fiscal deficit, excluding investment income to remain large, at $120 billion
June 19, 2017
Based on our detailed macroeconomic framework for the GCC countries, we expect fiscal breakeven oil prices to decline further in the coming years Gove
June 15, 2017
Matching the Fed's interest rate hike yesterday, four Gulf central banks raised their key policy rates in the context of the peg against the dollar.
March 17, 2017
GCC Central Banks Match the Recent Rate Hike in the US Despite a slowdown in economic activity due to serious fiscal consolidation and the oil crash,
February 8, 2017
We expect Brent oil prices to average $52 per barrel this year and stay in the range of $52-60 per barrel through 2020. Higher global oil prices will
December 17, 2015
Following the oil price crash, GCC states are drawing down their reserves ($2.4 trillion or 145% of GDP in 2014) and fiscal buffers to soften the blow
October 10, 2013
The six Gulf Cooperation Council (GCC) countries registered an average real GDP growth of 5.2% in 2012. Growth is projected to moderate to 4.1% in 201