Preservation, not growth, focus for GCC firms: SP – ZAWYA

Preservation, not growth, focus for GCC firms: SP – ZAWYA

preservation, not growth, focus for gcc firms: s&p the agency expects a mid-to-high single digit real gdp contraction for most rated gcc sovereigns in 2020    image used for illustrative purpose. a group of investors at the kuwait stock exchange look through a newspaper october 26 the key focus for rated gcc corporates will be on preservation rather than growth as key priorities for businesses include cost optimization, managing liquidity, and cash flow preservation, said s&p global ratings in a new report.meanwhile, new investments expected to take a back seat for most sectors, according to the report "twin shocks of low oil and covid-19 mean double trouble for gcc corporates“.the agency expects a mid-to-high single digit real gdp contraction for most rated gcc sovereigns in 2020 and operating conditions to remain weak over the next few quarters.meanwhile, new investments expected to take a back seat for most sectors, according to the report "twin shocks of low oil and covid-19 mean double trouble for gcc corporates“.the agency expects a mid-to-high single digit real gdp contraction for most rated gcc sovereigns in 2020 and operating conditions to remain weak over the next few quarters.the ratings firm expects a more cautious spending approach