Coronavirus concerns ease, but the Gulf has clear vulnerabilities

GULF COUNTRIES - Report 12 Feb 2020 by Justin Alexander

Highlights:

* Lower oil prices, even only temporarily, will exacerbate fiscal challenges and will drive further OPEC action.
* Countries most exposed to trade with China, such as Oman, could be at greater risk.
* Supply chain problems in China could boost import prices, but total inflation will remain muted.
* Reduced travel will hurt tourism-dependent economies, particularly Dubai and Oman.
* Travel hubs and expat populations make the Gulf vulnerable to pandemics.

Now read on...

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