5 Hrs
Source:
Sky News
Oxford Economics forecasts Gulf recovery in 2027
Reports indicate that the economies of the Gulf Cooperation Council countries are preparing for a strong recovery in 2027, following a 5.4% decline in 2026 due to geopolitical repercussions and disruptions in trade and energy flows. It is expected that the real GDP will grow by 6.8% that year, primarily driven by a rebound in oil and gas exports, which will lead the growth. Saudi Arabia, the UAE, and Qatar are projected to achieve growth rates of up to 6.6%, 11.5%, respectively. Despite security challenges and unrest in the Strait of Hormuz, non-oil activities have shown resilience, with inflation decreasing to 1.8%. This anticipated recovery presents an opportunity to strengthen efforts towards economic diversification and investments in infrastructure and strategic projects, with the aim of reducing reliance on sensitive maritime routes and enhancing long-term energy security.
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