HSBC economists positive about economic outlook for the Middle East

HSBC economists positive about economic outlook for the Middle East

Muscat: The annual HSBC Economist Roadshow has arrived in the Middle East with an optimistic forecast for the region’s economic outlook in 2023 and expectations that the Gulf nations are on course to deliver some of the strongest growth in the world in 2022.

The HSBC team forecasts economic growth of 6.5% in 2022 for the economies of the Gulf Cooperation Council (GCC), making this one of the strongest performing regions of the world this year, and delivering their strongest growth in at least a decade.

More than 150 clients and business leaders in Oman attended the presentations made by the HSBC economics team, made up of Simon Williams, Chief Economist, CEEMEA, James Pomeroy, Senior Global Economist and Dominic Bunning, Head of FX Research in Europe.

Melika Betley, CEO, HSBC Oman, said: “We were delighted to host so many friends of HSBC at our Economist Roadshow, our annual showcase event analysing key economic trends globally, regionally and in Oman, that provides our clients with a platform to discuss major economic themes and the implications they have for business and investment.”

The economics team discussed the global and regional trends shaping the Middle East’s economies and their future prospects. The roadshow this year visits Abu