MENA | Higher oil income to propel GCC diversification efforts
The GCC recovery built momentum in Q3, thanks to vaccine progress, easing of health restrictions, and higher oil output. However, the bloc’s GDP will only
reach its pre-pandemic level in Q1 2022, lagging other EM regions.
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.
UK: Housing market on course for a soft landing
The recent sharp fall in mortgage rates and continued strong growth in wages has significantly reduced the scale of the UK's housing affordability problem. Consequently, the risk of a steep correction in house prices is much lower than it appeared a few months ago. We also expect the recent steady pickup in housing market activity to continue.Find Out More
Global Industry: Energy transition will transform mining—promise and pitfalls
We expect that demand for energy transition-related critical minerals will grow significantly in the next decades even in the absence of rapid progress required to achieve net zero.Find Out More