Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.Donate
Gulf Economic Outlook 2020 - Q3 Update
August 2020 | Publication
The Conference Board estimates the Gulf region’s GDP growth to fall at -5.7 percent in 2020 compared to 2019. The slight improvement in oil prices in Q3 along with the easing of production cuts as of August will give oil GDP a small boost. As worries of a possible second wave of coronavirus in Q4 mount, consumer demand will weaken further, netting the rise in oil GDP.