Given the volatility of hydrocarbon prices and other external shocks, Gulf Arab states can benefit from adopting countercyclical fiscal policies – a bold, but necessary, shift that will limit fallback during economic downturns.
The Omani government deserves credit for sound economic policymaking and reform progress, but the longer-term outlook for the economy remains uncertain.
With the fluctuations of oil and gas prices creating shocks to their economies, Gulf states may want to rethink the peg to the U.S. dollar.
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.
The UAE’s push to reinvigorate its economy, in this manner and at this time, is linked to Expo 2020 Dubai, regional competition, and a broader realignment of Emirati foreign policy to better serve economic interests.
Mostly smaller budgets and conservative oil price assumptions signal the start of another challenging economic year for the Gulf region.
Regional policymakers must grapple with how the political and economic systems that they plan to sustain with today’s debt can meet tomorrow’s obligations.
As Gulf Arab policymakers continue to confront an ambiguous future, they will rely heavily on familiar economic policy measures and avoid straying from the status quo as long as possible.
The Houthis are unlikely to find immediate solutions in their nascent electronic currency, but this financial technology nevertheless serves a political purpose for the rebel group.
Iran's recent experiences may bolster the influence of factions within the regime advocating for a shift in Iran's nuclear strategy.
Learn MoreThrough its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.
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