MENA | Coronavirus tracker for the GCC – September update
Expo 2020 starts in the UAE on October 1 and will provide a significant boost to the economy. Although international visitors may be lower than initially hoped numbers should rise over the duration of the Expo if travel restrictions ease around the world. Last year, visitors were willing to come to Dubai when able to.
What you will learn:
- Although footfall is the most visible and easy to measure sign of success, other benefits that are harder to visualize will accrue over a number of years.
- For instance, infrastructure built for the Expo will continue to benefit the economy, especially if the site can be successfully regenerated. A successful Expo will
also help market Dubai as a place to live, work, and invest.
- With new Covid-19 cases edging down and vaccination rates rising, Qatar will ease remaining public health restrictions on October 3 under the final phase of its plan, which should support domestic activity over the rest of the year.
Housing supply front and centre for policy makers
The passing of the previously delayed Housing Australia Future Fund (HAFF) means that all the Albanese government's announced housing policies are now in place. These policies represent a minimum funding pool of $5.5 billion stretching to the end of the decade, potentially lifting as high as $10 billion if all targets are met and excess fund returns achieved.Find Out More
BoJ will continue effective zero interest rate policy anyway in Japan
The Bank of Japan (BoJ) maintained the policy rates at its September meeting, following a tweak in its yield curve control policy in July. Although this decision was widely expected, the markets are starting to speculate policy changes within the coming quarters, especially after the BoJ governor's recent interview.Find Out More