Gulf economies seen rebounding this year but some forecasts scaled back
The economies of the six-member Gulf Cooperation Council are expected to return to growth this year, a quarterly Reuters survey showed on Thursday, but half are seen expanding less than previously forecast.
Economists in the April 8-20 poll forecast a marked improvement in economic fortunes across the oil-rich region after it was hammered by the COVID-19 pandemic.
But while median forecasts for 2021 growth were raised for Bahrain and to a lesser extent the United Arab Emirates, they were scaled back for Saudi Arabia, Kuwait and Oman while the outlook for Qatar was unchanged.
Gulf economies seen rebounding this year but some forecasts scaled back
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Gulf economies seen rebounding this year but some forecasts scaled back: Reuters poll
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