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Gcc Economies Are Well-placed To Ensure Recovery | Al Bawaba

by albawaba.com posted 8months ago 27 views
The aftermath of the economic and market turbulence due to Covid-19 has redefined the landscape for GCC member states...: The aftermath of the economic and market turbulence due to Covid-19 has redefined the landscape for GCC member states. A relatively bleak growth outlook requires a shift in expectations – with a recovery unlikely until 2021. However, some GCC countries such as the UAE, Kuwait and Saudi Arabia are well placed to ensure this recovery becomes a reality as their strong Sovereign Wealth Funds (SWFs) will pay a vital role in helping the economies get back on their feet.

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