Why is GCC Inflation So Low?
Consumer prices have risen much less in the Gulf states than in the United Kingdom and United States largely because of the idiosyncrasies of GCC economies.
Non-Resident Fellow, AGSIW
Omar Al-Ubaydli is a non-resident fellow at the Arab Gulf States Institute in Washington. He is also an affiliated associate professor of economics at George Mason University; an affiliated senior research fellow at the Mercatus Center; an adjunct visiting professor at the King Fahad University of Petroleum and Minerals; and a non-resident fellow at Trends, UAE. His research interests include political economy, experimental economics, and the economics of the Gulf Cooperation Council countries. Al-Ubaydli previously served as a member of the Commonwealth of Virginia’s Joint Advisory Board of Economists and a visiting professor of economics at the University of Chicago. He regularly publishes his research in international peer-reviewed academic journals, and his mainstream media articles appear in Arabic- and English-language newspapers and blogs such as Al-Hayat, The National, Forbes Opinion, and US News. Al-Ubaydli earned his BA in economics from the University of Cambridge and his MA and PhD in economics from the University of Chicago.
Consumer prices have risen much less in the Gulf states than in the United Kingdom and United States largely because of the idiosyncrasies of GCC economies.
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