Economic Prospects and Policy Challenges for the GCC Countries

Economic Prospects and Policy Challenges for the GCC Countries - 2021

December 15, 2021

Preview Citation

Format: Chicago

Economic Prospects and Policy Challenges for the GCC Countries - 2021, (USA: International Monetary Fund, 2021) accessed November 8, 2024

Also available in: العربية

Summary

GCC policymakers moved quickly to mitigate the health and economic impacts of twin COVID-19 and oil price shocks. Infection rates have declined across the GCC to well below previous peaks, though countries have experienced successive waves of the virus, and economic recoveries have begun to take hold. Nevertheless, GCC policymakers must navigate a challenging and uncertain landscape. The pandemic continues to cloud the global outlook as countries are in different phases of recovery, with varied growth prospects and policy space

Subject: Climate change, COVID-19, Environment, Fiscal policy, Fiscal stance, Health, Monetary policy, National accounts, Oil consumption, Oil prices, Political economy, Prices

Keywords: Climate change, Climate change impact, COVID-19, Fiscal stance, GCC economy, Global, Oil balance, Oil consumption, Oil growth, Oil market development, Oil prices

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Policy Paper No. 2021/072
Stock No:

PPEA2021072
ISBN:

9781616354879
ISSN:

2663-3493

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