If reports suggesting that the Iran nuclear deal will be revived (perhaps as soon as next week) prove right, the lifting of sanctions would probably weigh on oil prices as Iran ramps up production, but geopolitical tensions would ease further. Elsewhere, strong vaccine rollouts in the UAE, Bahrain and Saudi Arabia have allowed governments to ease travel and tourism-related restrictions, but a robust rebound in these sectors is probably still some time away. And finally, despite the assertion by Tunisia’s Finance Minister Ali Kooli that the government would not need to restructure its debts, we think such an outcome is becoming increasingly likely.
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