GCC:Economic growth expected to improve in 2020-21

By MEIR team | 08 Dec 2019

Economic growth in the GCC states significantly weakened in 2019 due to muted oil prices and excess oil supply. The region's overall real GDP growth is estimated to drop to 0.8% in 2019 from 2% in 2018 before gradually gradually recovering in 2020-21, according to the World Bank's Gulf Economic Update released last week.

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