A raft of GDP releases over the past month showed that growth in the Gulf strengthened in Q3 of last year, but a renewed slowdown is likely in the coming quarters. In aggregate, it looks like the Gulf economies expanded at their fastest pace since early 2016. But with oil output cuts set to exert a drag and low oil prices likely to prompt fresh austerity measures, growth is likely to slow over the course of this year. Indeed, our growth forecasts for the Gulf economies lie below the consensus.
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