Fitch expects most GCC fiscal balances to worsen by 1-2PP of GDP

Author: Giles Coghlan | Category: News

GCC fortunes tied to oil

  • Bahrain is the only GCC sovereign where 2019 fiscal balance is reported to improve. 
  • Headline fiscal balances will weaken across much of the Gulf cooperation council in 2019 and 2020. 
  • Fitch forecast most GCC fiscal balance to worsen and used assumption that Brent will average $65/BBL down from USD 71.6BBL in 2018
                   
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