Fears for the health of the global economy have sent Brent crude prices down by more than $30 per barrel in the past month, raising fresh concerns over the sustainability of the recent fiscal packages across the oil-rich Gulf. In contrast, the resource-poor Arab countries will be relieved with the recent falls in oil prices, which will help to ease pressures on both fiscal and external deficits. Nonetheless, these are largely medium term concerns. In the meantime, although the Gulf economies are set to slow, they should still outperform the rest of the Arab region.
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