BENGALURU The Gulf Cooperation Council’s (GCC) economic growth will accelerate this year to a pace not seen in a decade, according to a Reuters poll of…
BENGALURU: The Gulf Cooperation Council’s economic growth will accelerate this year to a pace not seen in a decade, according to a Reuters poll of economists, who said high inflation and a slowing global economy were the biggest downside risks. Crude prices, a major driver for Gulf economies, shot up after Russia invaded Ukraine in February and have remained elevated, giving a
RIYADH: Economists predicted on Tuesday that Saudi Arabia’s economy would grow by 6.3 percent in 2022, an increase on their 5.7 percent forecast three months ago and the fastest growth since 2011. Economic growth in the six Gulf states will average 5.9 percent this year, the fastest since 2012, according to economic analysts polled by the Reuters news agency. The expected
Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a decline in oil and gas prices was the biggest risk to their outlook.