COVID-19 outbreaks in the region have started to come under control and, with vaccination programmes starting (in the Gulf at least), the near-term economic outlook is brightening. Dubai’s economy, which stands to benefit more than most from a vaccine, has been boosted this month by an influx of tourists seeking a warm winter getaway. However, this will not be enough to address our long-held concerns of overcapacity and ability of Dubai’s GREs to service its debts. Elsewhere, Egypt’s privatisation drive looks set to resume in a positive step, but there are a lot of hurdles to achieving much faster productivity growth
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