Global Economic Outlook 2022: Gulf edition
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "ACCEPT", you acknowledge our privacy policy and consent to the use of cookies. 
Our Privacy Policy has been updated! Detailed information on the use of cookies on this site is provided in our cookie policy and our privacy policy. 
TCB Tourch
Loading...
  •  
    • NORTH AMERICA
    • EUROPE
    • ASIA

  • 2

    Close
    • Insights
        • Insights
        • Explore by Center
          • Explore by Center

          • The CEO Center

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications
        • Explore by Content Type
          • Explore by Content Type

          • Reports

          • Upcoming Webcasts

          • On Demand Webcasts

          • Podcasts

          • Charts & Infographics

          • Explore All Research

          • Economic Indicators
        • Trending Topics
          • Trending Topics

          • Artificial Intelligence (AI)

          • Navigating Washington

          • Geopolitics

          • US Economic Forecast

          • Sustainability

          • Future of Work

          • Explore All Trending Topics

    • Events
        • Events
        • Upcoming Events
          • Upcoming Events

          • Reimagine Asia 2026: People & Business

          • CLO Governance Forum

          • Climate Under Pressure: A Corporate Fishbowl on Risk, Resilience, and Finance

          • Executive Compensation & Talent 2026

          • The Annual Employee Health Care Conference – Chicago

          • People First: Elevating Talent for the Future

          • Explore All Upcoming Events

          • TCB Speaker Bureau

          • Sponsor a Program

        • Member-Exclusive Programs
          • Member-Exclusive Programs

          • Center Briefings

          • Expert Briefings

          • Experts Live

          • Roundtables

          • Working Groups

          • View All Member-Exclusive Programs

          • View All Upcoming Events, Programs, and Webcasts

    • Data
        • Data

        • All Data

        • Data Central

        • Consumer Confidence Index®

        • TCB Benchmarking

        • Recession & Growth Trackers

        • Global Economic Outlook

        • Leading Economic Indicators

        • Help Wanted OnLine

        • Labor Markets

        • Measure of CEO Confidence

        • Global Gray Swans Tool

        • CMO+CCO Meter Dashboard

    • Centers
        • Centers
        • Our Centers
          • Our Centers

          • The CEO Center

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications
    • Councils
        • Councils
        • Find a Council
          • Find a Council

          • Economy, Strategy & Finance

          • Governance & Sustainability

          • Human Capital

          • Marketing & Communications

          • Canada Councils

          • Explore All Councils

        • Council Membership
          • Council Membership

          • What is a Council?

          • Benefits of Council Membership

          • Apply to a Council

    • Membership
        • Membership
        • Types of Membership
          • Types of Membership

          • Membership at a Glance

          • Executive

          • C-Suite

          • Leadership Team

          • Council

          • Higher Education

          • Insights

        • Already a Member?
          • Already a Member?

          • Check if Your Organization is a Member

          • Sign In to myTCB®

          • Executive Communities

          • Member-Exclusive Programs

          • Refer a Leader - Earn a Reward

    • About Us
        • About Us
        • Who We Are
          • Who We Are

          • About Us

          • In the News

          • Press Releases

          • Our History

          • Support Our Work

          • Locations

          • The Conference Board of Canada

          • Contact Us

        • Our Community
          • Our Community

          • Our Leadership

          • Our Experts

          • TCB Speaker Bureau

          • Trustees

          • Voting Members

          • Global Counsellors

          • Careers

          • This Week @ TCB

          • Continuing Education Credits (CEUs)

    • Careers
    • This Week @ TCB
    • Sign In to myTCB®
      • NORTH AMERICA
      • EUROPE
      • ASIA
    • Insights
      • Insights
      • Explore by Center
        • Explore by Center

        • The CEO Center

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

      • Explore by Content Type
        • Explore by Content Type

        • Reports

        • Upcoming Webcasts

        • On Demand Webcasts

        • Podcasts

        • Charts & Infographics

        • Explore All Research

        • Economic Indicators
      • Trending Topics
        • Trending Topics

        • Artificial Intelligence (AI)

        • Navigating Washington

        • Geopolitics

        • US Economic Forecast

        • Sustainability

        • Future of Work

        • Explore All Trending Topics

    • Events
      • Events
      • Upcoming Events
        • Upcoming Events

        • Reimagine Asia 2026: People & Business

        • CLO Governance Forum

        • Climate Under Pressure: A Corporate Fishbowl on Risk, Resilience, and Finance

        • Executive Compensation & Talent 2026

        • The Annual Employee Health Care Conference – Chicago

        • People First: Elevating Talent for the Future

        • Explore All Upcoming Events

        • TCB Speaker Bureau

        • Sponsor a Program

      • Member-Exclusive Programs
        • Member-Exclusive Programs

        • Center Briefings

        • Expert Briefings

        • Experts Live

        • Roundtables

        • Working Groups

        • View All Member-Exclusive Programs

        • View All Upcoming Events, Programs, and Webcasts

    • Data
      • Data

      • All Data

      • Data Central

      • Consumer Confidence Index®

      • TCB Benchmarking

      • Recession & Growth Trackers

      • Global Economic Outlook

      • Leading Economic Indicators

      • Help Wanted OnLine

      • Labor Markets

      • Measure of CEO Confidence

      • Global Gray Swans Tool

      • CMO+CCO Meter Dashboard
    • Centers
      • Centers
      • Our Centers
        • Our Centers

        • The CEO Center

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

    • Councils
      • Councils
      • Find a Council
        • Find a Council

        • Economy, Strategy & Finance

        • Governance & Sustainability

        • Human Capital

        • Marketing & Communications

        • Canada Councils

        • Explore All Councils

      • Council Membership
        • Council Membership

        • Benefits of Council Membership

        • Apply to a Council

        • Our Program Directors

        • Refer a Leader - Earn a Reward

    • Membership
      • Membership
      • Types of Membership
        • Types of Membership

        • Membership at a Glance

        • Executive

        • C-Suite

        • Leadership Team

        • Council

        • Higher Education

        • Insights

      • Already a Member?
        • Already a Member?

        • Check if Your Organization is a Member

        • Sign In to myTCB®

        • Executive Communities

        • Member-Exclusive Programs

        • Refer a Leader - Earn a Reward

    • About Us
      • About Us
      • Who We Are
        • Who We Are

        • About Us

        • In the News

        • Press Releases

        • This Week @ TCB

        • Our History

        • Support Our Work

        • Locations

        • The Conference Board of Canada

        • Contact Us

      • Our Community
        • Our Community

        • Our Leadership

        • Our Experts

        • TCB Speaker Bureau

        • Trustees

        • Voting Members

        • Global Counsellors

        • Careers

        • This Week @ TCB

        • Continuing Education Credits (CEUs)

    • Careers
    • Sign In to myTCB®
    • Download TCB Insights App
  • Insights
    Insights

    Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years.

    Economic Indicators

    • Explore by Center
    • The CEO Center
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    • Explore by Content Type
    • Reports
    • Upcoming Webcasts
    • On Demand Webcasts
    • Podcasts
    • Charts & Infographics
    • Trending Topics
    • Artificial Intelligence (AI)
    • Navigating Washington
    • Geopolitics
    • US Economic Forecast
    • Sustainability
    • Future of Work
    • Explore All Trending Topics
  • Events
    Events

    Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners.

    View All Upcoming Events, Programs, and Webcasts

    TCB Speaker Bureau

    Sponsor a Program

    • Upcoming Events

      • Reimagine Asia 2026: People & Business

      September 10, 2026

      CLO Governance Forum

      September 10, 2026

      Climate Under Pressure: A Corporate Fishbowl on Risk, Resilience, and Finance

      September 22, 2026

    •  

      • Executive Compensation & Talent 2026

      September 24 - 25, 2026

      The Annual Employee Health Care Conference – Chicago

      September 24 - 25, 2026

      People First: Elevating Talent for the Future

      October 06 - 07, 2026

    • Member-Exclusive Programs
    • Center Briefings
    • Expert Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • View All Member-Exclusive Programs
    • Explore by Type
    • Events
    • Webcasts
    • Podcasts
    • Member-Exclusive Programs
    • Center Briefings
    • Expert Briefings
    • Experts Live
    • Roundtables
    • Working Groups
    • View All Member-Exclusive Programs
  • Data
    Corporate Disclosure Data

    TCB Benchmarking

    Real-time data visualizations to benchmark your governance, compensation, environmental, human capital management (HCM) and social practices against US public companies.

    Economic Data

    All Data

    Data Central

    One-stop portal for the entire suite of indicators

    Consumer Confidence Index®

    Labor Markets

    Measure of CEO Confidence

    Global Gray Swans Tool

    Prepare for high-impact events

     

    Recession & Growth Trackers

    Current & future state of 16 economies

    Global Economic Outlook

    Growth outlooks for 77 economies

    Leading Economic Indicators

    State of the business cycle for 12 global economies across Asia and Europe

    Help Wanted OnLine

    Status of the US job market

    Other Featured Data

    CMO+CCO Meter Dashboard

  • Centers
    Centers

    Centers offer access to world-class experts, research, events, and senior executive communities.

    Our Centers
    • The CEO Center
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
  • Councils
    Councils

    Councils are invitation-only, peer-led communities of senior executives that come together to exchange knowledge, accelerate career development, and advance their function.

    Find a Council
    • Economy, Strategy & Finance
    • Governance & Sustainability
    • Human Capital
    • Marketing & Communications
    • Canada Councils
    • Explore All Councils
    Council Membership
    • Benefits of Council Membership
    • Apply to a Council
    • Our Program Directors
    • Refer a Leader - Earn a Reward
  • Membership
    Membership

    Membership in The Conference Board arms top executives and their teams with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth.

    • Types of Membership
    • Membership at a Glance
    • Executive
    • C-Suite
    • Leadership Team
    • Council
    • Higher Education
    • Insights
    • Already a Member?
    • Check if Your Organization is a Member
    • Sign in to myTCB®
    • Executive Communities
    • Member-Exclusive Programs
    • Refer a Leader - Earn a Reward
  • About Us
    About Us

    The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead®. For over 100 years, our cutting-edge research, data, events and executive networks have helped the world's leading companies understand the present and shape the future.

    • Who We Are
    • About Us
    • In the News
    • Press Releases
    • Our History
    • Support Our Work
    • Locations
    • The Conference Board of Canada
    • Contact Us
    • Our Community
    • Our Leadership
    • Our Experts
    • TCB Speaker Bureau
    • Trustees
    • Voting Members
    • Careers
    • This Week @ TCB
    • Continuing Education Credits (CEUs)
Check if You're a Member
Create Account
Forgot Your Password?

Members of The Conference Board get exclusive access to the full range of products and services that deliver Trusted Insights for What's Ahead ® including webcasts, publications, data and analysis, plus discounts to conferences and events.

Economy, Strategy & Finance Center

Global Economic Outlook

Access Data
  • Email
  • Linkedin
  • Facebook
  • X
  • Copy Link
  • HOME
  • Outlook
      Outlook
    • Global Economic Outlook
    • US Economic Forecast
  • Indicators
      Indicators
    • US Leading Indicators
    • Global Leading Indicators
    • Recession & Growth Trackers
    • Global Supplier Index
    • Total Economy Database
  • Confidence
      Confidence
    • US CEO Confidence
    • US Consumer Confidence
    • EU Consumer Confidence
    • C-Suite Outlook
  • Labor Markets
      Labor Markets
    • Employment Trends Index
    • Help Wanted OnLine
  • Benchmarking & Tools
      Benchmarking & Tools
    • Global Gray Swans Tool
    • China Gray Swans Tool
    • Labor Shortages Risk Index
    • Job Loss Risk Index
  • Data Central
      Data Central
    • SUBSCRIBER LOGIN
    • PRODUCTS AND SOLUTIONS
    • Release Calendar
  •  + 0.3% Australia LEI
  •  - 0.2% Brazil LEI
  •  + 0.1% China LEI
  •  - 1.4pts Consumer Confidence
  •  + 0.91% Employment Trends
  •  - 0.3% Euro Area LEI
  •  + 0.4% France LEI
  •  + 0.3% Germany LEI
  •  - 0.2% Global LEI
  •  + 0.5% HWOL
  •   0.0% India LEI
  •  - 0.4% Japan LEI
  •  - 2.1% Mexico LEI
  •  + 1.1% South Korea LEI
  •  + 0.3% Spain LEI
  •  - 0.4% UK LEI
  •  - 0.2% U.S. LEI
  •  + 5.0pts U.S. CEO Confidence

    • Global Economic Outlook 2022: Gulf edition


    November 03, 2021 | Report

    Copy Link
    Share
    • Email
    • Facebook
    • LinkedIn
    • X
    • Copy Link Copy Link

    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

    • CREATE AN ACCOUNT SIGN IN
    • Download REPORT
      Only available to members. Become a member.

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (China edition)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (China)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (Europe edition)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (Europe edition)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (US edition)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival (United States)

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival

    Global Economic Outlook 2022: From Pandemic Downturn to Growth Revival

    Copy Link
    Share
    • Email
    • Facebook
    • LinkedIn
    • X
    • Copy Link Copy Link

    Explore More on this Topic

    search Icon
    Newest First
    TYPE
    Type
    READ
    WATCH
    LISTEN
    search Icon
    search Icon
    filterMobImage

    Brief

    Distortions Overstate Weakness in July Retail Sales
    Distortions Overstate Weakness in July Retail Sales

    August 14, 2026

    Brief

    July CPI Eases, But Energy Risks Linger
    July CPI Eases, But Energy Risks Linger

    August 12, 2026

    Report

    The Conference Board Economic Forecast for the US Economy
    The Conference Board Economic Forecast for the US Economy

    August 10, 2026

    Database

    Recession & Growth Trackers
    Recession & Growth Trackers

    August 06, 2026

    Article

    CEO Confidence Survey Quarterly Report
    CEO Confidence Survey Quarterly Report

    August 06, 2026

    Report

    Global LEI Report
    Global LEI Report

    July 30, 2026

    Brief

    Q2 GDP and June Inflation Support September Fed Hold
    Q2 GDP and June Inflation Support September Fed Hold

    July 30, 2026

    Brief

    FOMC Decision: Hawkish Rhetoric, No Action: September Hike Odds Decline
    FOMC Decision: Hawkish Rhetoric, No Action: September Hike Odds Declin…

    July 29, 2026

    Podcast

    The State of the Economy for July 2026
    C-Suite Perspectives
    The State of the Economy for July 2026

    July 28, 2026
    View Less View More

    SORT BY

    • Newest First
    • Oldest First

    Type

    Experts / Authors

    authorImage

    Erik Lundh

    Senior Economist, Global

    Read Bio

    authorImage

    Fiona Liu

    Economist

    Read Bio

    authorImage

    Yuhan Zhang, PhD

    Principal Economist

    Read Bio

    Related Content

    Connect and be informed about this topic through webcasts, virtual events and conferences

    Image

    Recession & Growth Trackers
    Image

    US Leading Indicators
    Image

    Help Wanted OnLine®
    View less View More

    Press Releases / In the News

    PRESS RELEASE

    LEI for Brazil decreased slightly in July

    August 14, 2026

    PRESS RELEASE

    The LEI for the UK fell again in June

    August 13, 2026

    PRESS RELEASE

    LEI for Australia Increased Again in June

    August 13, 2026

    PRESS RELEASE

    The LEI for Germany Increased Again in June

    August 12, 2026

    PRESS RELEASE

    LEI for Japan Retreated Slightly in June 2026

    August 11, 2026

    PRESS RELEASE

    LEI for Spain Rose Again in June

    August 07, 2026

    View Less View More
    Data central

    Subscribe to Access Data Central & Chart Reports

    Your centralized, one-stop portal for accessing and exporting The Conference Board global suite of monthly and quarterly economic data. Get up to speed on critical trends—anytime, anywhere—with customizable real-time datasets.

    Economic Indicator Calendar

    All release times displayed are Eastern Time


    Global Economic Outlook 2026: New Horizons in Productivity and Growth

    This report identifies trends to help businesses prepare for an environment with more challenges for labor and capital but improvements in productivity growth.

    LEARN MORE Yellow and white frame illustration

    Upcoming Events

    Connect and be informed about this topic through webcasts, virtual events and conferences

    Expert Briefing

    Inflation: What it Means for the US Economy and Your Business
    Expert Briefing

    European Economic Outlook
    Expert Briefing

    The Energy Landscape and the Global Economy
    Expert Briefing

    The 15-Year Global Economic Outlook: Opportunities, Caveats, and Uncertainties
    Expert Briefing

    Inflation: What it Means for the US Economy and Your Business
    Expert Briefing

    European Economic Outlook
    Expert Briefing

    The Energy Landscape and the Global Economy

    Explore More on this Topic

    Publications

    Distortions Overstate Weakness in July Retail Sales

    Distortions Overstate Weakness in July Retail Sales

    August 14, 2026 | Brief

    Global Forecast Update

    Global Forecast Update

    August 13, 2026 | Report

    July CPI Eases, But Energy Risks Linger

    July CPI Eases, But Energy Risks Linger

    August 12, 2026 | Brief

    The Conference Board Economic Forecast for the US Economy

    The Conference Board Economic Forecast for the US Economy

    August 10, 2026 | Report

    No Signs of Wage Inflation; Labor Market Remains Stable

    No Signs of Wage Inflation; Labor Market Remains Stable

    August 07, 2026 | Brief

    Q2 GDP and June Inflation Support September Fed Hold

    Q2 GDP and June Inflation Support September Fed Hold

    July 30, 2026 | Brief

    View Less View More

    On Demand Webcasts, Podcasts and Videos

    USMCA 2.0—Trade Uncertainty in North America

    June 10, 2026

    Power Shifts: From the Fed to EV Markets

    May 13, 2026

    The Iran Conflict: Risks for the Global Economy

    April 15, 2026

    Priced Out: The State of US Housing Affordability

    February 11, 2026

    The CEO Outlook for 2026—Uncertainty, Risks, Growth & Strategy

    January 15, 2026

    The Big Picture: What's Ahead for the Global Economy?

    December 10, 2025

    View Less View More

    This publication is available to non-Members, but you must be signed in. Please sign in or create an account.

    This publication is available to non-Members, but you must be signed in. Please sign in or create an account.

    Conference Board Sample Web Chat
    chatbot-Icon
    TCB Logo
    chatbot-Icon
    C-Suite Insights - Sign up to receive weekly C-Suite Insights newsletters, updates, surveys, and other relevant email communications. Unsubscribe any time
    WHO WE ARE
    • About Us
    • Our History
    • Our Experts
    • Our Leadership
    • In the News
    • Press Releases
    • Locations
    EXPLORE
    • Membership
    • Centers
    • Councils
    • Reports
    • Events
     
    • Webcasts
    • Podcasts
    • Data
    • Ask TCB
    • This Week @ TCB
    CONTACT US
    • North America
      +1 212 759 0900
      customer.service@tcb.org
    • EMEA
      +32 2 675 5405
      brussels@tcb.org
    • Asia
      Hong Kong | +852 2804 1000
      Singapore | +65 8298 3403
      service.ap@tcb.org
    CAREERS
    • See Open Positions
    Terms Of Use | Privacy Policy | Event Code of Conduct | Trademarks
    © 2026 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
    The use of all The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.
    Terms of Use | Privacy Policy | Event Code of Conduct | Trademarks
    © 2026 The Conference Board Inc. All rights reserved. The Conference Board and torch logo are registered trademarks of The Conference Board.
    The use of all data from The Conference Board data and materials is subject to the Terms of Use. Reprint requests are reviewed individually and may be subject to additional fees.The Conference Board reserves the right to deny any request.

    Thank you for signing up. You will now receive CEO Insights for What's Ahead every Wednesday morning. You can unsubscribe at any time or manage your preferences to receive more content from The Conference Board.

    Important: Your Membership subscription payment is past due. We have not yet received your Membership payment. Please click the button below to pay your invoice.

    Pay Invoice

    Announcing The Conference Board AI Virtual Conference Series

    Explore the Impact of AI on Your Business

    Members receive complimentary registration - Learn more >>