Long Reads

MENA Monthly Outlook: Robust Growth Outlook In GCC In 2022

Presentation / Country Risk / Middle East / Sat 30 Jul, 2022

We at Fitch Solutions forecast that GCC economic growth will accelerate in 2022 at the highest rate of growth since 2011. A surge in hydrocarbon production and a strong rebound in tourism activity will support Net Exports, which will be the main driver of growth in the UAE, Kuwait and Oman. High energy prices and efforts to diversify sources of economic activity will boost investment across the bloc and will be the key growth engine in Saudi Arabia, Qatar and Bahrain.

Topics covered in this presentation include:

  • Robust Growth Outlook For GCC In 2022
  • Saudi Arabia Growth Among The Strongest In EMs
  • UAE Economy Set For Fastest Growth Since 2011
  • Qatari Growth Will Rise On Higher Investment And World Cup
  • Kuwait’s Growth Accelerating On Strong Oil Economy
  • Strong Exports To Support Oman's Growth In 2022
  • Bahrain’s Real GDP Growth Will Benefit From High Oil Prices

The presentation also includes Fitch Solutions forecasts versus Bloomberg Consensus for 2022 GDP Growth, Exchange Rates, Inflation and Interest Rates.

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