HSBC expressed confidence in GCC members' economic prospects despite the wider Middle East bracing for an economic shock from the U.S.-Israeli war with Iran. The view suggests resilience in regional growth and banking liquidity but highlights elevated geopolitical risk that could pressure oil markets, FX and risk premia for Gulf assets.
HSBC expressed confidence in GCC members' economic prospects despite the wider Middle East bracing for an economic shock from the U.S.-Israeli war with Iran. The view suggests resilience in regional growth and banking liquidity but highlights elevated geopolitical risk that could pressure oil markets, FX and risk premia for Gulf assets.
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mildly positive
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