A Reuters poll revealed that the economic growth in the Gulf region will increase during the current and next two years, with the support of the Saudi investment program and Expo 2020 in Dubai.
According to the survey, the economy of the Kingdom of Saudi Arabia will grow by 2 percent in 2020 and 2.2 percent in 2021. In contrast, the average growth forecast in the Sultanate of Oman has declined, as analysts expect growth of 1.7 percent in 2020 and 2.3 percent in 2021.
Analysts had expected a growth of 1.7 percent for the UAE in 2020 and 2021, as the governments of Dubai and Abu Dhabi, the two main emirates of the country, boosted spending to stimulate their economies. As for Kuwait, analysts expected economic growth of 1.9 percent in 2020, while growth expectations in 2021 were raised to 2.6 percent.
Qatar's GDP growth forecasts were revised, as expectations for 2020 were reduced to 2.1 percent from 2.4 percent, and the forecast for 2021 was raised to 2.5 percent from 2.3 percent.
Source (Al-Sharq Al-Awsat newspaper, Edited)
