Author
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date
2022
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Money and Monetary Policy, Political Economy, Monetary Policy, Monetary economics, Political economy, Monetary policy, Economics
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
1
Library
Wesleyan University Library
Library Asset ID
ISBN : 9798400226885, ISBN : 9798400226823
Record ID
alma9933039260203768
Library Location
See online access
Date
2022
Notes
GCC policymakers have managed to quickly mitigate the economic impact of the twin COVID-19 and oil price shock. Commodity prices have surged, and the outlook is more positive for GCC countries, with new challenges linked to Russia’s invasion of Ukraine and tighter global financial conditions expected to have a limited impact on GCC economies. While GCC countries have overall benefited from higher, albeit volatile hydrocarbon prices, numerous risks still cloud the outlook—notably a slowdown in the global economy. In this context, the reform momentum established during the low oil price years should be maintained—irrespective of the level of hydrocarbon prices.
Seri
Policy Papers, Policy Papers; Policy Paper ; No. 2022/052