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 "OK", you consent to the use of cookies. 

Global Economic Outlook 2020: Gulf Region—Stagnating Growth Clouds the Gulf Region's Outlook

November 2019 | Research Report

GDP growth in the Gulf region should improve moderately in 2020, up from 1.4 percent in 2019. Over the next decade, growth will improve to 2.7 percent on average annually, at about the same rate as the global economy but well below the average of 3.5 percent for emerging markets. The main drag on growth is that slower investment growth is not sufficiently compensated for by improvements in productivity growth. Governments and firms need to combine efforts to put the region’s growth performance on a more sustainable footing by stimulating innovation and improving the efficiency with which labor and capital are deployed in the economy.



Bart van Ark

Managing Director and Principal Investigator
The Productivity Institute


Klaas de Vries

The Conference Board

Itani, Hiba 120x120.jpg

Hiba Itani

Senior Economist
The Conference Board Gulf Center

Our Experts


Ataman Ozyildirim

Senior Director, Economics and Global Research Chair


Ilaria Maselli

Senior Economist


Yuan Gao

Senior Economist, China Center for Economics and Business


Erik Lundh

Principal Economist

Itani, Hiba 120x1201.jpg

Hiba Itani

Senior Economist


Dana Peterson

Executive Vice President & Chief Economist


Support Our Work

Support our nonpartisan, nonprofit research and insights that help leaders address societal challenges.