with Maya Senussi and Scott Livermore
January 24, 2023
The 2023 outlook for the GCC region will not compare to last year's spectacular expansion. OPEC+ policy has weakened prospects for the oil sector, while rise in domestic financing costs will contribute to the slowdown in non-oil recovery. That said, growth will remain firmly positive, underpinned by diversification efforts, in contrast to many advanced and emerging markets.