The recent sharp drop in oil prices is unlikely to be a major headache for the Gulf economies although, if sustained, it will mean that there will be less room for fiscal policy to provide the same support to growth as it has done in recent years. Elsewhere, lower oil prices will be welcomed by the region’s resource-poor economies.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.