Recent activity data provide further evidence that the Gulf economies are slowing. The good news is that inflationary pressures are easing at the same time. This will boost households’ real incomes which, alongside last year’s enormous fiscal stimulus packages, should support domestic demand. Accordingly, the Gulf is in a good position to weather a further deterioration in the global economy.
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