More growth forecast in the GCC area

After confirming that it will continue to invest in the United States, the Kingdom of Saudi Arabia should be able to reach 1.8% economic growth in 2017 after the disappointing 1.3% registered in 2016. According to an analysis by Coface, the other member economies of the Gulf Cooperation Council (GCC) are expected to experience a similar increase in growth. The UAE would get 2.5%, Qatar 3.3% and Kuwait 2.4%. Only the growths of Oman and Bahrain are expected to continue their contraction at 1.7% expected in 2017 for these two countries.