Growth in the Gulf States appears to have accelerated in recent months. Oil production has surged in Saudi Arabia and the UAE, at least in part as a response to supply disruptions in Libya. And in the non-hydrocarbon sector, activity remains robust. Domestic demand is being supported by rapid credit growth as well as rising government spending. Elsewhere in the region, Egypt’s political situation has calmed a little over the past few weeks. But the economy appears to have gone from bad to worse.
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