(Bloomberg) --
The extent of fiscal support provided by Gulf Arab economies in response to the global coronavirus pandemic is “too small and narrow” and lags behind similar efforts in Europe, the U.S. and Asia, according to Oxford Economics.
“Although some of the lockdown restrictions are being eased” across the six members of the energy-rich Gulf Cooperation Council, “the non-oil economy is not yet out of the woods,” Scott Livermore and Ahmed Esam at Oxford Economics said in a report. “And authorities can still aid the recovery across the GCC by expanding the depth and breadth of policy support.”
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