The World Bank has projected that economic growth in GCC countries will rise to 3.2% in 2025, with 4.5% in 2026 and 4.8% in 2027. Meanwhile, the UAE is projected to grow to 4.6% in 2025, and 4.9% in 2026 and 2027.
This improvement among GCC countries is largely attributed to increased oil production among exporting nations, helping to counterbalance falling oil prices and softer global demand. Oil-importing countries are also set for recovery, supported by easing inflation and a presumed stabilisation of regional conflicts.
Despite this regional optimism, the World Bank trimmed its global growth forecast for 2025 by 0.4 percentage points to 2.3%, citing significant global challenges.
Gulf Economist Staff Writer