Modest 2021 GCC recovery forecasts drive diversification strategies: ASI ...Qatar

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Modest 2021 recovery forecasts for the GCC have increased the focus on diversification from the hydrocarbon sector, potentially opening up some less traditional growth opportunities, according to Aberdeen Standard Investments (ASI). The International Monetary Fund (IMF) and S&P Global Ratings, among others, expect to see a gradual recovery across the region, with real GDP growth to be around 2.5% this year after the contraction of about 6% in 2020. Many GCC governments, ASI noted, are now pursuing reforms largely based on diversifying revenue away from the volatile hydrocarbon sector and improving the efficiency of state spending. Investment experts at ASI believe this is fostering incr

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Modest 2021 GCC recovery forecasts drive diversification strategies: ASI ...Qatar

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