December’s PMIs suggest that non-oil sectors across the Gulf lost some steam at the end of 2022, with the worsening global backdrop weighing particularly heavily on the UAE. Elsewhere, there were signs that a weaker pound is already supporting Egypt’s exports. But strong inflation pressures and tighter monetary policy will act as key headwinds to the economy over the coming months.
Drop-Ins – The World In 2023 (10-11 January): Will 2023 be another rollercoaster year for economies and markets? Join our senior economists for these special briefings on 10th and 11th January to find out what to expect in the coming 12 months. Register now.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.