Global Economic Outlook 2022: Gulf edition
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  •  - 0.3% Australia LEI
  •  - 0.2% Brazil LEI
  •  - 0.2% China LEI
  •  - 6.7pts Consumer Confidence
  •  - 0.47% Employment Trends
  •   0.0% Euro Area LEI
  •  + 0.2% France LEI
  •   0.0% Germany LEI
  •  - 0.1% Global LEI
  •  + 3.4% HWOL
  •  + 0.8% India LEI
  •  + 1.4% Japan LEI
  •  + 0.2% Mexico LEI
  •  - 0.6% South Korea LEI
  •   0.0% Spain LEI
  •  - 0.1% UK LEI
  •  - 0.1% U.S. LEI
  •  - 6.0pts U.S. CEO Confidence

    • Global Economic Outlook 2022: Gulf edition


    November 03, 2021 | Report

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    From Pandemic Downturn to Growth Revival 

    The Gulf economies endured a second oil shock in less than a decade that eroded a substantial share of the region’s government financial buffers. The region is in dire need of a transition toward a more sustainable and diversified economy, especially in light of the ongoing global shift toward clean and renewable energy. The changing energy demand backdrop suggests greater investment in innovation, private enterprise, and private employment, and less reliance on public spending.


    AUTHOR

    Hiba Itani

    Hiba Itani

    Former Senior Economist
    The Conference Board Gulf Center for Economics and Business Research

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