MENA | GCC restricts travel further; five years of Vision 2030
The OPEC+ meeting on 27 April saw oil producers stick to agreements made
earlier in the month. It is expected that the consortium will gradually lift oil
output as global demand recovers from the pandemic, bringing around 2.1m b/d back to the market in May-July, easing cutbacks to 5.8m b/d.
What you will learn:
- On the fifth anniversary of the announcement of Vision 2030, Crown Prince Mohammed Bin Salman made announcements on plans for the future of the Saudi economy.
- Regional cases of Covid-19 continue to rise, with several GCC countries reporting high numbers.
- Further measures are being put in place to curb contagion, including an extension of the curfew in Kuwait until the end of Ramadan in mid-May and a ban on flights from India to the UAE and Oman.
Tags:
Related Services
Post
Bank of Japan resumes rate normalisation, cautiously
The Bank of Japan raised the policy rate by 0.25ppts to 0.5% at Friday's meeting, as we expected. We maintain our call that the central bank will hike the rate again to 0.75%, most likely in July after the outcome of the Spring Wage Negotiation is confirmed, especially for small firms.
Find Out More
Post
Tariffs won’t cause a burst in producer prices in the Eurozone
Potential US tariffs would be disruptive for the eurozone economy as a whole, but we think their inflationary impact is likely to be contained. As US imports account for around 10% of total extra-EU imports, we estimate a 10% across-the-board tariff would only increase the producers prices index by 0.5%.
Find Out More