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World Bank: GCC growth to rebound to 4.8% by 2027 as oil output and non-oil sectors rise
The Gulf economies are on track for a solid recovery in growth, with output forecast to rise from 3.2% in 2025 to 4.8% by 2027, according to the World Bank’s latest Global Economic Prospects: MENA Outlook released this month. This acceleration is expected to come from higher oil production, as countries begin phasing out voluntary output cuts, and continued strength in non-oil sectors like tourism, construction, and services—even as global demand for crude softens. [...]