Economic Research

Economic activity recovers despite ongoing Gulf conflict-linked pressures  

Conflict de-escalation to lay foundation for domestic economic recovery

Regional conflict upends otherwise positive economic momentum 

Upbeat economic data readings persist signaling growth momentum going into 2026

Key economic metrics continue to improve with growth now seen above 4% next year

Recent data releases point to a pick-up in key activity metrics after a slowdown in Q1. The ramp-up in Israel-Iran hostilities has sharply increased regional uncertainty...

Official data showed non-oil GDP growth at -2.5% y/y in Q3 24, but other recent indicators are more upbeat. Real estate activity climbed strongly in Q4 24...