MANAMA: Booming oil prices and rising output are set to drive stronger economic growth this year in the GCC, despite a darkening global landscape as market pressures mount and uncertainty heightens.
As per the latest Economic Insight report for the Middle East, commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW) and compiled by Oxford Economics, the forecast for GCC economies has been revised higher for 2022, to 6 .