The six economies in the Gulf Co-operation Council (GCC) are set to rebound and grow 2% to nearly 3% this year while the region’s two largest economies, Saudi Arabia and the UAE, are forecast to grow over 4% next year, a quarterly Reuters survey showed. That outlook follows steep declines last year following an oil price crash and the impact of the Covid-19 pandemic, while analysts expected Saudi Arabia, the UAE and Kuwait to benefit from an Opec+ deal to boost oil production. “Our core assumption was that a longer-term deal would be secured, and we raise our 2022 forecasts on the back of the baseline adjustments, which will enable the UAE, Kuwait and Saudi Arabia to raise oil output and th
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