Regional oil exporters are benefiting from higher oil production as well as increased public investment and implementation of structural reforms
The GCC’s non-energy sectors, including tourism, trade, and finance, are pivotal in driving this growth, with expectations of a 4.2 per cent expansion in 2024 and 4.4 per cent in 2025
In 2023, inflation is projected to decelerate to 3.2 per cent, on the back of softer price increases in all categories