Search

Begin New Search Political Geography Gulf Nations Publishing Institution The Conference Board

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

2. Gulf Economic Outlook 2020 - Q1 Update

Author:
Hiba Itani
Publication Date:
05-2020
Content Type:
Special Report
Institution:
The Conference Board
Abstract:
The Gulf countries face a somber outlook, with the GDP of the region expected to contract by 5.9% in 2020 compared to 2019. The Gulf countries whose economies remain highly dependent on hydrocarbon are ahead of “perfect storm” like scenario: a humanitarian crisis, that morphed into a global demand shock and pushed oil prices into a free-fall. A historical oil production cut agreement barely managed to improve prices.
Topic:
Oil, Natural Resources, GDP, and Economy
Political Geography:
Middle East and Gulf Nations

3. Prioritizing Productivity in the Gulf Region: A Path toward Sustained Growth through Smart Diversification

Author:
Bart van Ark, Abdul Erumban, and Klaas de Vries
Publication Date:
12-2019
Content Type:
Special Report
Institution:
The Conference Board
Abstract:
Economic growth in the Gulf region has been disappointing in recent years and has mostly been achieved through increases in employment, whereas labor productivity growth, measured as an increase in output per worker, has been negative across the board. A recovery of productivity in economies of the Gulf region could accelerate growth beyond the average growth performance of major emerging markets in the next decade. This requires a long-term, strategic focus on new and expanded activities based on the creation of qualitative growth sources, including innovation, digital transformation, and enhanced skills for workers.
Topic:
Labor Issues, Economic growth, and Diversification
Political Geography:
Gulf Nations