The near-tripling of oil prices from their trough in January 2016, to nearly 80 US dollars per barrel in early October 2018, has spurred a recovery in the GCC economies, following three years of persistent weakness. Additional support has come from rising oil production, and a slower pace of fiscal consolidation as government revenues have increased. Saudi Arabia emerged from recession in the first quarter of 2018 and Ku-wait, in the second quarter...
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INFORMATION
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2018/11/01
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Document de travail
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131955
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1
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2018/11/27
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Disclosed
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Staying the Course on Reforms – In Focus : Water for Prosperity and Development
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