Sovereign Bond

Economic recovery post COVID-19: How they stack up for GCC economies?

GCC economies were hit hard by the pandemic last year with the cumulative GDP of the region falling by 5% in 2020 over that of 2019. However, the IMF estimates all the GCC economies to show positive growth in 2021 with Saudi Arabia expected to grow 2.9%, UAE by 3.1%, Qatar by 2.4%, Kuwait by 0.7%, Oman GDP Growth in % from 2020-2022 Source: IMF 2021 MECA Regional Outlook Macro indicators have improved in the GCC The improved projections are...