Although real GDP growth for the region will decelerate this year, high average oil prices in 2023 should provide significant credit support to major oil producers in the Gulf Cooperation Council (GCC) countries – reinforcing our favourable view of IG-rated sovereigns from the region.
Tune into our latest podcast with David Makoni, senior fixed income analyst at Bank of Singapore, as he summarises our mid-year (2023) outlook for GCC sovereigns.
