Global Macro Service > Research Briefings > Africa and Middle East

GCC expat exodus – from a trickle to a deluge

The GCC is in recession as lockdowns to mitigate the spread of COVID-19 and the ramifications of low oil prices hit the non-oil economies. As a result, employment across the GCC could fall by around 13%, with peak-to-trough job losses of some 900,000 in the UAE and 1.7m in Saudi Arabia.

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