RaboResearch - Economic Research

Special Dutch version

The GCC: going cold turkey on oil?

The oil-rich Gulf Cooperation Council (GCC) countries suffer from the oil price slump while diversification will prove difficult. In the short-run, the necessary budgetary consolidation Oman, Bahrain and Saudi Arabia will weigh on political risk.

Country Report

Saudi Arabia: reforms are necessary to reduce economic reliance on oil

Lower oil prices put increased pressure on the Saudi economy. Growth is slowing down and the fiscal situation is under pressure. Implementation of the diversification plan (vision 2030) would be a positive factor, but will be difficult to achieve.

Economic Comment

Bewogen start van het jaar (Dutch)

Oplopende spanningen tussen Saoedi Arabië en Iran hebben macro economisch vooralsnog een beperkte impact. Echter, de spanningen zouden instabiliteit kunnen vergroten in het Midden Oosten en de huidige vluchtelingencrisis in Europa verergeren.