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
With persistent political instability, the economy has struggled to garner investor confidence since the revolution such that GDP growth averaged just 1.5% between 2011 and 2019.