Figures published over the past week have provided the first signs of the hit to Saudi Arabia’s from lower oil prices; but we remain comfortable with our view that the dollar peg will remain intact. Meanwhile, the relaxation of measures put in place to contain the coronavirus looks set to be gradual and so the economic recovery will be slow going. Finally, tensions between Lebanon’s central bank and government will make it difficult to push through a plan to bring an end to the country’s economic turmoil.
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