GCC Countries Back on Path to Economic Growth after Contraction Due to the Pandemic

https://www.worldbank.org/en/news/press-release/2021/08/03/gcc-countries-back-on-path-to-economic-growth-after-contraction-due-to-the-pandemic
Riyadh, August 4, 2021- Following a year of economic distress, Gulf Cooperation Council (GCC) economies are expected to return to an aggregate growth of 2.2% in 2021, according to the latest issue of the World Bank Gulf Economic Update (GEU) titled “COVID-19 Pandemic and the Road to Diversification”. This growth is buoyed by the global economic recovery, projected at 5.6% and the revival of global oil demand and international oil prices.