Search for other papers by International Monetary Fund in
Current site
Google Scholar
Abstract
The GCC countries face important policy challenges and opportunities in view of an uncertain oil market outlook and the evolving trends in the regional and international economy. These are compounded by domestic developments, particularly the growing number of nationals entering the labor markets. Indeed, the GCC countries are at a cross road. One path, built on insufficient policy response to less favorable external conditions, carries the risk of low rates of economic growth, rising unemployment, and growing financial imbalances and indebtedness. The second, stressing economic adjustment supported by structural reforms, promises financial stability, growing employment opportunities, and sustained economic growth.
International Monetary Fund Copyright © 2010-2025. All Rights Reserved.