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

Author: International Monetary Fund

The global and regional economic environment remains challenging.

Volume/Issue: Volume 2013 Issue 087

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Topics covered in this book

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Finance , Economics- Macroeconomics , Public Finance , Industries - Energy , PP , GCC country , oil price , GCC producer , government spending , GCC economy , GCC regulator , oil market , private sector , asset price volatility , Oil prices , Oil , Oil production , Emerging and frontier financial markets , Fiscal stance , Global , Middle East , central bank governor , oil market indicator , oil price risk scenario , North Africa

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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.