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Reuters
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The World Bank expects today, Wednesday, the economies of the Gulf Cooperation Council to grow by 2.2% in 2021 after a contraction of 4.8% in 2020 due to the Corona pandemic and the lows. oil price.
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“With recent advances in the distribution of Covid-19 vaccines around the world and the resumption of global production and trade, prospects for economic recovery are now stronger than at the end of last year “the bank said in a research report.
He added: “Despite the persistence of risks, expectations point to a positive overall change for the GCC economy of 2.2% in 2021 and an average annual growth of 3.3% in 2022-2023.”
In 2020, the Gulf economies suffered a double blow due to falling oil prices, sales of which are a main source of income for Gulf countries, and the Corona virus crisis.
Source: Reuters
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