GCC Set for 6.8% Rebound: Can Diversification Deliver?

<p>The GCC economy is facing a sharp downturn in 2026, but Oxford Economics is forecasting a major rebound next year. Its latest research projects 6.8% GCC growth in 2027, with the UAE expected to grow 6.6%, as energy exports recover and non-oil activity gains momentum. But with geopolitical risks still disrupting trade and tourism, the recovery could also become a turning point for economic diversification. Joining Tim Elliott is Azad Zangana, Head of GCC Macroeconomic Analysis at Oxford Economics, to explain what is driving the 2027 outlook and what the region needs to do to turn the recovery into longer-term growth.</p>