Why GCC economies are growing so fast

Recent data shows strong business activity growth in both the UAE and Saudi Arabia. This is expected amid pandemic recovery and higher oil prices, according to Khatija Haque, chief economist and head of research at Emirates NBD. But global market forces are also at play.

She joins co-hosts Mustafa Alrawi and Kelsey Warner this week, sharing her outlook on how GCC economies will fair against rising inflation and global recession fears — and why growth is still possible even in this environment.

In this episode:

The economic outlook (0m 14s)
Is it a seperate story in the Gulf? (2m 37s)
Inflation in the GCC (4m 39s)
The outlook in growth of the non-oil sector (10m 45s)

 

Read more on our website:

• Solid growth on the cards for the UAE despite accelerating inflation
• Opec maintains 2022 demand outlook but says Ukraine conflict and pandemic pose a risk
• Mohamed El Erian: US inflation could reach 9% and lead to a recession

Subscribe to Business Extra for free to receive new episodes every week
Apple Podcasts | Google Podcasts | Spotify | Podbean