GCC: World Bank expects 2.6% economic growth in 2021
Saturday, 12 07 2019, Category: Economy, Country: Gulf Cooperation Council
Economic growth in the Gulf Cooperation Council (GCC) states significantly weakened in 2019; overall real GDP growth is estimated to drop to 0.8% in 2019 from 2% in 2018 before gradually gradually recovering in 2020-21.
This edition of the Gulf Economic Update explores the links between economic diversification and environmental sustainability. The analysis highlights the need to integrate environmental sustainability and ecosystem resilience considerations into the decision-making process on the diversification paths and options in the GCC countries.
The In Focus section in this edition of the Gulf Economic Update identifies three important ways through which regional investment strategies could better align diversification with environmental sustainability and climate resilience.
Source: The World Bank