A wave of debt defaults and financial stress in emerging market oil producers seems unlikely but, with energy prices set to stay low, growth is likely to be much weaker than most anticipate. Among the major oil economies, Russia is likely to spend another year in recession in 2016, while a period of weaker growth in the Gulf states is only just beginning.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services