Gulf Region at a Familiar Crossroads: Oil Dependence or Diversification

The Conference Board, Inc., 16 pages, November 26, 2020
Report
0/5 based on
iPad
(You are signed in anonymously, to review, create an account)
Gulf region at a familiar crossroads: oil dependence or diversification.

Document Highlights

The short-term outlook is consistent across the six Gulf countries, marked by high fiscal deficits and increasing debt levels, reform efforts, the nationalization of labor, and continuous support to the private sector to weather the aftermath of the pandemic. Prospects for longer-term growth are contingent on the success of diversification efforts away from oil. However, Gulf governments will continue to resort to traditional policies of streaming oil revenues back into the economy through project awards to boost consumer demand rather than investment in diversification.

COVID-19: Get all the insights

To see if you are entitled to get this research for free, take a minute and create a free e-Library account. This will let us determine if someone else at your organization has already purchased access to this material.

Browse by...
Need Help?