Economic Resilience Amidst Oil Output Cuts: GCC Growth Prospects
The Gulf Cooperation Council (GCC) economies faced an intricate economic landscape in the second quarter of 2023, marked by reduced oil production. This led to a 0.5 percentage point downward revision in growth forecasts for the GCC, setting the growth rate at 1.4% for the year. However, the region’s non-energy sectors have shown resilience, with robust growth in tourism-related industries. Rising energy prices, driven by global factors, have also played a pivotal role, with Brent oil reaching $90 per barrel. The impending inclusion of Saudi Arabia and the UAE into the BRICS group offers a ray of hope, fostering economic diversification and reducing reliance on the US dollar, setting the stage for a more optimistic future.
“We believe in making education affordable to all”- Mr. Syam Kumar
Mr. Syam Kumar, please accept our congratulations on your experience in Offshore medical schools and international higher education. Thank you for giving me the opportunity for this discussion. Offshore medical school is a very exciting domain to be in. While offshore medical school is a terminology widely used by schools operating in the Caribbean region […]
