Why GCC economies are growing so fast: Business Extra

Khatija Haque, chief economist at Emirates NBD, joins to discuss the windfall of high oil prices and what's next amid fears of a global recession

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Recent data shows strong business activity growth in both the UAE and Saudi Arabia. This is expected amid higher oil prices and the recovery from the coronavirus pandemic, according to Khatija Haque, chief economist and head of research at Emirates NBD. But global market forces are also at play.

She joins co-hosts Mustafa Alrawi and Kelsey Warner this week to share her outlook on how GCC economies will fare against rising inflation and global recession fears — and why growth is still possible even in this environment.

In this episode

The economic outlook (0m 14s)

Is it a separate story in the Gulf? (2m 37s)

Inflation in the GCC (4m 39s)

The outlook in the growth of the non-oil sector (10m 45s)

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Updated: June 16, 2022, 11:01 AM