January’s batch of whole economy PMIs showed activity in non-hydrocarbon sectors in the Gulf slowed at the start of this year as governments tightened restrictions to tackle fresh Omicron-driven virus outbreaks. While activity may rebound this month, recoveries in non-oil sectors will remain sluggish even as virus waves abate as governments keep fiscal policy tight and interest rates rise in line with the Fed.
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