1. Gulf Economic Outlook 2020 - Q3 Update
- Author:
- Hiba Itani
- Publication Date:
- 08-2020
- Content Type:
- Special Report
- Institution:
- The Conference Board
- Abstract:
- The Conference Board estimates the Gulf region’s GDP growth to fall at -5.7 percent in 2020 compared to 2019. The slight improvement in oil prices in Q3 along with the easing of production cuts as of August will give oil GDP a small boost. As worries of a possible second wave of coronavirus in Q4 mount, consumer demand will weaken further, netting the rise in oil GDP.
- Topic:
- Oil, GDP, Economy, and Coronavirus
- Political Geography:
- Middle East and Gulf Nations