Growth in the UAE is expected to reach to 2.5 percent by 2022; supported by the government’s mitigation and recovery plans, higher oil prices and production capacity, improved business sentiment and a boost from Dubai Expo2021.
Real GDP growth in Qatar will turn positive again in 2021 as energy prices stabilize at around US$42bbl, global LNG demand picks up, and nonenergy economic sentiment improves once the pandemic is controlled.
The devastating impact of COVID-19 on Oman's economic activity indicates that the public finances will remain under increasing pressure over the forecast period reinforced by severely subdued global energy prices