MENA | Coronavirus tracker for the GCC – November update
Signs of the GCC’s strengthening recovery from the Covid-19 pandemic continue to emerge. The PMI for Dubai rose to its highest level in over two years in October as the start of Expo 2020 boosted activity in the travel and tourism and retail sectors.
What you will learn:
- Meanwhile, Saudi GDP expanded by 5.8% q/q in Q3 2021 (and 6.8% y/y) boosted by a double-digit rise in the oil sector as OPEC+ relaxed production quotas.
- The non-oil sector also continued to recover strongly, expanding by 1.6% q/q as Covid restrictions eased and the government continued to ramp up investment.
- The Kuwait government tendered its resignation on Monday after several rounds of talks between government officials and opposition lawmakers.
Tags:
Related Services
Post
Japan’s rising labour turnover will raise productivity, but only slowly
Labour turnover is quickly rising among full-time workers in Japan, where long-term employment has been prevailing. Although a serious labour shortage and a sharp rise in labour turnover will provide a great opportunity and incentive for productivity improvement, we this this will occur only gradually.
Find Out MorePost
Asia Pacific: US-China trade tensions may benefit ASEAN
The risk of higher trade tensions, and its subsequent implications on trade policy, is high. The upcoming US presidential election this November has the chance to spark an escalation of a global trade war if former President Donald Trump returns to the White House.
Find Out More