The past week has provided clear signs of the toll that the coronavirus crisis is taking on Dubai’s economy and negotiations are apparently underway for Abu Dhabi to ride to the rescue. But there is a growing risk of a delay to support from Abu Dhabi being made explicit and the resulting uncertainty would weigh on local financial markets and the economy. Elsewhere, we think that Egypt’s central bank will have to let the pound weaken further over the coming weeks and months.
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