Gulf Cooperation Council (GCC) - Economic Prospects and Policy Challenges for the GCC Countries

Date: November 13, 2013
Electronic Access: Full Text

Summary:The global and regional economic environment remains challenging. Global growth remains tepid, and although some pick-up is expected, risks are tilted to the downside. Recent volatility in financial markets is having a significant impact on some large emerging markets, highlighting the challenges that will be faced in unwinding the Federal Reserve’s quantitative easing policy. Geopolitical uncertainties in the Middle East are also high.
Full text also available in Arabic.

Series : Policy Paper
Subject(s): Cooperation Council for the Arab States of the Gulf | Middle East | North Africa | Transition economies | Oil prices | Fiscal risk | Spillovers | Economic growth | Fiscal policy | Monetary policy | Cross country analysis