The OPEC meeting concluded last Friday with a deal to cut oil output but we don’t think that this will provide a lasting boost to oil prices and, overall, the deal is set to result in slower GDP growth in the Gulf. Meanwhile, the fall in oil prices since early October has caused Oman’s dollar bond spreads to widen sharply but, if the other Gulf countries come forward with financial support, we think that spreads could narrow by around 100bp.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services