The modest rise in ‘whole economy’ PMIs in the Gulf last month probably reflects a boost to sentiment on the back of the recovery in oil prices from their January lows. The big picture, however, is that activity is subdued and we expect growth to slow this year. Elsewhere, the surveys suggest that Egypt’s economy continued to struggle.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.