Manpower Sector Expenses Outpace Revenues by 585.4M KWD
A report shows that economic growth forecasts for the Gulf region are declining as 2025/2026 approaches, with growth estimated at 3.73% for 2025/2026 compared to previous expectations of 4.10%. It is also noted that the region's estimated gross domestic product (GDP) is expected to reach $585.4 billion in 2025/2026, with a slight decrease in growth rates, particularly focusing on oil-exporting countries. In these countries, the projected growth rate ranges from 7.98% to 33.1%, according to the data. The report attributes the slowdown in growth to several economic factors and oil markets, with expectations that this will impact investments and financial sectors in the region.
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