Flying Blind Through Crisis, Many Gulf Economies Still an Enigma - Bloomberg:
Statistics are a poor guide to the crisis raging across Gulf Arab economies.
The region’s second-biggest economy, the United Arab Emirates, has yet to disclose how it performed in the second quarter -- of last year. The statistics authority separately released an assessment of the U.A.E.’s full-year gross domestic product growth for 2019, without providing a quarterly breakdown.
Qatar published national accounts for the fourth quarter only in late April. Although faster than its neighbors, Saudi Arabia is scheduled to report the first quarter’s GDP on the last day of June, some two months behind most of its counterparts in the Group of 20.
The delays are increasingly a source of frustration for investors, economists and rating companies -- especially at a time when the damage from slumping oil prices and the coronavirus pandemic is reshaping the outlook so fast that analysts can barely keep up. Statistics in some of the countries can be equally scarce on everything from budgets to wealth fund holdings.
Statistics are a poor guide to the crisis raging across Gulf Arab economies.
The region’s second-biggest economy, the United Arab Emirates, has yet to disclose how it performed in the second quarter -- of last year. The statistics authority separately released an assessment of the U.A.E.’s full-year gross domestic product growth for 2019, without providing a quarterly breakdown.
Qatar published national accounts for the fourth quarter only in late April. Although faster than its neighbors, Saudi Arabia is scheduled to report the first quarter’s GDP on the last day of June, some two months behind most of its counterparts in the Group of 20.
The delays are increasingly a source of frustration for investors, economists and rating companies -- especially at a time when the damage from slumping oil prices and the coronavirus pandemic is reshaping the outlook so fast that analysts can barely keep up. Statistics in some of the countries can be equally scarce on everything from budgets to wealth fund holdings.
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