With a global recession expected for early next year, oil production cuts and rising borrowing costs, the 2023 GDP growth in the Middle East is expected to see a decline, says a report.
GCC economic growth forecast to slow next year albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
The ICAEW report, which was compiled by Oxford Economics, said the Emirates’ new tourism development strategy is expected to make the country the next tourist hotspo.
Experts have noted that increased efficiency means a serious addition to the economy, while reports suggest AI could add up to 13 trillion Euros to the global economy by 2030.