Gulf Economic Update, Fall 2021: Seizing the Opportunity for a Sustainable Recovery

Publication:
Gulf Economic Update, Fall 2021: Seizing the Opportunity for a Sustainable Recovery

dc.contributor.author	World Bank
dc.date.accessioned	2021-12-06T17:38:03Z
dc.date.available	2021-12-06T17:38:03Z
dc.date.issued	2021-10
dc.description.abstract	The economic outlook for the Gulf Cooperation Council (GCC) economies appears far rosier now than it did even six months ago. Increased investment and consumption both public and private are contributing to growth while inflation remains subdued in most economies except for Saudi Arabia where it is currently at 5.5 percent and expected to fall sharply as the impact of last year’s Value-Added Tax (VAT) hike falls away. Despite this rosy picture, the authorities should continue to follow the path of prudent macroeconomic management consolidating their fiscal balances, moving ahead with the introduction of VAT in Qatar and Kuwait and focusing on reducing the role of the state in economic management. UAE’s government related entities especially those in the construction sector deserve a careful review to ensure that their borrowing remains sustainable and to adjust to the new conditions.	en
dc.identifier	http://documents.worldbank.org/curated/undefined/403371637952191783/Gulf-Economic-Update-Seizing-the-Opportunity-for-a-Sustainable-Recovery
dc.identifier.doi	10.1596/36654
dc.identifier.uri	https://hdl.handle.net/10986/36654
dc.language	English
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	OIL PRICE
dc.subject	PUBLIC SECTOR REFORM
dc.subject	PUBLIC SECTOR WAGES
dc.subject	DIVERSIFICATION
dc.subject	STRUCTURAL REFORM
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC OUTLOOK
dc.subject	GULF COOPERATION COUNCIL
dc.subject	CORONAVIRUS
dc.subject	COVID-19
dc.subject	COVID-19 VACCINATION
dc.subject	PANDEMIC IMPACT
dc.subject	FISCAL DEFICIT
dc.subject	EXPORTS
dc.title	Gulf Economic Update, Fall 2021	en
dc.title.subtitle	Seizing the Opportunity for a Sustainable Recovery	en
dc.type	Report	en
dc.type	Rapport	fr
dc.type	Informe	es
dspace.entity.type	Publication
okr.crossref.title	Gulf Economic Update, Fall 2021
okr.date.disclosure	2021-12-01
okr.date.doiregistration	2025-05-07T12:09:20.659640Z
okr.date.lastmodified	2021-11-26T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Economic Updates and Modeling
okr.docurl	http://documents.worldbank.org/curated/undefined/403371637952191783/Gulf-Economic-Update-Seizing-the-Opportunity-for-a-Sustainable-Recovery
okr.guid	403371637952191783
okr.identifier.externaldocumentum	090224b088bc1652_1_0
okr.identifier.internaldocumentum	33644973
okr.identifier.report	166401
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/403371637952191783/pdf/Gulf-Economic-Update-Seizing-the-Opportunity-for-a-Sustainable-Recovery.pdf	en
okr.region.administrative	Middle East and North Africa
okr.region.country	Bahrain
okr.region.country	Oman
okr.region.country	Qatar
okr.region.country	Saudi Arabia
okr.region.country	United Arab Emirates
okr.region.geographical	Middle East
okr.topic	Public Sector Development::Public Sector Administrative and Civil Service Reform
okr.topic	Energy::Oil & Gas
okr.topic	Health, Nutrition and Population::Disease Control & Prevention
okr.topic	Macroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unit	EFI-MNA-MTI-MacroFiscal (EMNMT)