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
Growth in Egypt is expected to have remained positive, but declined from 5.6% in FY2019 to 3.5% in FY2020, and then further to 2.3% in FY2021, before rebounding in FY2022.